European ports to halt transshipment of Russian liquefied natural gas

Beginning 26 March, European Union ports will suspend transshipping liquefied natural gas (LNG) produced in or exported from Russia.

Source: European Commission press service

Details: The ban also covers technical support, brokerage services, financing and other forms of financial assistance.

These sanctions, adopted in June 2024, are coming into force after a deferral period that lasted until 25 March 2024. However, EU member states may allow LNG transshipment if it is intended for their own energy needs.

Background: In February, the European Union did not impose sanctions on Russian LNG, as it first aimed to coordinate fuel supplies with Washington.

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