The European Union (EU) on June 24 imposed new sanctions on Russia for its actions in Ukraine, specifically targeting Moscow’s covert fleet of vessels transporting liquefied natural gas (LNG) across Europe.
During a meeting in Luxembourg, EU Foreign Ministers raised concerns about Russia’s increasing hybrid attacks, which include alleged election interference, cyber-attacks, and sabotage.
In an effort to force Russia to use more expensive routes for energy transportation, the EU has decided to prohibit the transshipment of Russian LNG in EU territory for shipment to third countries.
The EU estimates that between 4 to 6 billion cubic metres of Russian LNG passed through EU ports last year. Russia is believed to be operating a “ghost fleet” of up to 400 ships to bypass sanctions and maintain energy revenue to fund its military operations.
The sanctions will focus on ship-to-ship and ship-to-shore transfers, as well as reloading operations. Additionally, there will be restrictions on the re-export of LNG through the EU and a ban on new investments in Russian LNG projects.
Furthermore, numerous new entities, including companies, banks, and agencies from China, Turkey, and the UAE, have been added to the EU’s sanctions list for allegedly evading sanctions or providing sensitive equipment to Russia.
Targeted entities
More than 50 officials are facing asset freezes and travel bans, including Russian President Vladimir Putin, Foreign Minister Sergey Lavrov, and other lawmakers and oligarchs. Over 400 entities previously sanctioned include companies in the military, aviation, and shipbuilding sectors, the Wagner mercenary group, political parties, and banks.
Several Ministers emphasized the need to address Russia’s hybrid attacks aimed at destabilizing Ukraine’s allies in Europe.
Finnish Foreign Minister Elina Valtonen stated, “There is no longer any room for observer status in Europe regarding Russia’s aggression. We must continue to support Ukraine as Russia only responds to strength.”
Lithuanian Foreign Minister Gabrielius Landsbergis added, “There is substantial evidence of malicious behavior by Russia. Moscow must understand that any escalation will be met with a strong response from our side.”
