US EditionEU Approves 19th Package of Sanctions on Russia, Including LNG Ban
- On Thursday, European Union countries will adopt the bloc's 19th sanctions package at 8 a.m. in Brussels, including a ban on Russian liquefied natural gas imports.
- Austria, Hungary and Slovakia blocked the package for weeks before agreement was reached, with Slovakia, the final hold-out, lifting its reservation after European Commission assurances on energy prices and industrial impact.
- The package also bans reinsurance for used Russian aircraft and vessels and targets five Russian banks, Russian electronic payment systems, third-country banks in Belarus and Kazakhstan, 45 entities including 12 companies in China and Hong Kong, and 117 additional shadow fleet vessels.
- EU officials say the measures both curb energy revenues and preserve member-state unity amid economic strain, aiming to starve Moscow of revenue and pressure Vladimir Putin into negotiations.
- The LNG ban phases out short-term contracts after six months and long-term contracts from Jan 1, 2027, advancing the EU's full LNG embargo by a year from the European Commission's previous roadmap.
43 Articles
43 Articles
A Russian gas purchase ban will be introduced in two phases, providing for a total ban until the first day of 2027. Still, Sporting won Marseille by 2-1.
EU Greenlights 19th Sanctions Package Against Russia Amid Energy Concerns
EU Greenlights 19th Sanctions Package Against Russia Amid Energy Concerns EU member states have reached a consensus on implementing the 19th sanctions package targeting Russia, mainly focusing on a ban on Russian liquefied natural gas imports. This decision was announced by the EU's Danish rotating presidency, marking a significant step in the bloc's ongoing response to Russia's actions in Ukraine.Slovakia, the final country to agree, had initia…
Earlier phase-out of Russian gas, new listings of ships in the shadow fleet and restrictions on travel by Russian diplomats in the EU. This is becoming a reality with the EU's new sanctions package against Russia - which, according to the Danish presidency of the Council of Ministers, will be hammered out on Thursday morning. At the same time, the US is targeting sanctions against Russia's two largest oil companies.
These announcements come after a new night of Russian attacks throughout Ukraine.
The Danish EU Presidency announced on Wednesday evening the finalisation of the new measures against the Russian economy, mainly targeting its oil exports.
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