EU begins discussions on 14th package of sanctions against Russia, which includes restrictions on LNG - media
Kyiv • UNN
The EU has started negotiations on the 14th package of sanctions against Russia, which includes restrictions on Russian gas, including a ban on transshipment of Russian liquefied natural gas (LNG) and restrictions on three Russian LNG projects.
On Wednesday, May 8, the EU started negotiations on the 14th package of sanctions against Russia, which for the first time may include restrictions on Russian gas. This was reported by Euronews , UNN .
Details
The publication says that the proposal of sanctions against LNG actually breaks a long-standing taboo in Brussels, as Russian gas has been completely free of any restrictions until now.
At the same time, the European Commission's plan does not envisage a complete ban on imports, as the bloc has previously done with coal and offshore oil.
Instead, the sanctions should prohibit the transshipment of Russian liquefied natural gas (LNG), i.e. the practice of re-exporting LNG.
It is noted that the West plays a leading role in the cargo insurance and transportation services sectors: last year, the maritime industry of the G7 countries handled 93% of Russia's LNG exports, worth €15.5 billion.
The draft sanctions sent to member states on Friday aim to curb this lucrative business. In addition, restrictions are envisaged on three Russian LNG projects. These are Arctic LNG 2, Ust-Luga, and Murmansk.
Addendum
The publication said that EU ambassadors had held initial discussions, but that it would probably take a long time for the EU countries to reach a final agreement.
Sanctions on the energy sector are considered very sensitive and have in the past led to lengthy negotiations and last-minute concessions.
Recall
In May, the media reported that the European Commission had sent the EU countries a draft 14th package of sanctions against Russia, which provides for restrictions on liquefied natural gas imports from Russia, although a full embargo is not planned.
