LBCI

EU sanctions target Russian gas for the first time

World News

20-06-2024 | 06:59

Share

Share

EU sanctions target Russian gas for the first time

European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas.

The package bans re-exports of Russian liquefied natural gas (LNG) in EU waters but stops short of banning imports as the bloc did in 2022 for Russian seaborne oil. Some EU countries still import pipeline gas from Russia via Ukraine.

However, gas market experts say the measure will have little impact as trans-shipments of gas via EU ports to Asia represent only around 10% of total Russian LNG exports.

The package also sanctions three Russian LNG projects and includes a clause designed to allow Sweden and Finland to cancel Russian LNG contracts, diplomats said.

Belgium, which holds the rotating EU presidency until July 1, said on social media platform X that the package "maximizes the impact of existing sanctions by closing loopholes."

Reuters

World News

EU

Sanctions

Target

Russia

Gas

Next

South Korea to send Jeju Air crash black box to US for analysis

Recommended For You

Tesla shares surge after report Musk to leave Trump role

12:30

Tesla shares surge after report Musk to leave Trump role

Military confrontation 'almost inevitable' if Iran nuclear talks fail: French FM

11:43

Military confrontation 'almost inevitable' if Iran nuclear talks fail: French FM

US imposes sanctions on Russia-based network for helping Yemen's Houthis

11:09

US imposes sanctions on Russia-based network for helping Yemen's Houthis

UK says 'does not support' Israel's expansion of Gaza offensive

Israel-Gaza War Updates

08:56

UK says 'does not support' Israel's expansion of Gaza offensive

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Lebanon's finance minister submits draft decree on banking sector reform to Cabinet

Lebanon Economy

11:24

Lebanon's finance minister submits draft decree on banking sector reform to Cabinet

EU must 'stand up for itself' if hit by Trump tariffs: Macron

2025-02-03

EU must 'stand up for itself' if hit by Trump tariffs: Macron

Presidential images of Army Commander Joseph Aoun printed (Video)

2025-01-08

Presidential images of Army Commander Joseph Aoun printed (Video)

PM Mikati and Macron discuss Lebanon's crisis, international support, and Israeli violations

2025-01-17

PM Mikati and Macron discuss Lebanon's crisis, international support, and Israeli violations

Videos

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

Israeli official urges international support for Lebanese government and army

Middle East News

2025-03-19

Israeli official urges international support for Lebanese government and army

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

2025-02-14

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

Saad Hariri holds series of diplomatic and religious meetings in Beirut

2025-02-13

Saad Hariri holds series of diplomatic and religious meetings in Beirut

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

2025-02-13

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

2025-02-10

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

Most read

24 hours

7 days

Month

Could a 'massive city' lie beneath Egypt’s pyramids? New findings raise questions

1

Could a 'massive city' lie beneath Egypt’s pyramids? New findings raise questions

Diplomatic pressure builds on Lebanon to set Hezbollah disarmament timeline, sources tell LBCI

2

Diplomatic pressure builds on Lebanon to set Hezbollah disarmament timeline, sources tell LBCI

Rocket attacks from Lebanon’s south—US wants answers: What’s the latest?

3

Rocket attacks from Lebanon’s south—US wants answers: What’s the latest?

Apple credits Lebanese researcher for uncovering major iOS security flaw

4

Apple credits Lebanese researcher for uncovering major iOS security flaw

Lebanese army shuts down two illegal border crossings to curb smuggling

5

Lebanese army shuts down two illegal border crossings to curb smuggling

Lebanon's $250 million war debris loan delayed pending Council for Development and Reconstruction appointments, sources tell LBCI

6

Lebanon's $250 million war debris loan delayed pending Council for Development and Reconstruction appointments, sources tell LBCI

Israeli army conducts sweeping operation near Meiss El Jabal, South Lebanon: NNA

7

Israeli army conducts sweeping operation near Meiss El Jabal, South Lebanon: NNA

Will Beirut's municipal elections break tradition? Here’s what we know

8

Will Beirut's municipal elections break tradition? Here’s what we know

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More