The package — the bloc’s 14th since the beginning of Russia’s full-scale war against Ukraine — includes:
A ban on the transshipment of Russian LNG to third countries via the EU, including a prohibition on reloading services as well as ship-to-ship and ship-to-shore transfers. Imports into the EU are still allowed.
A prohibition on providing investments, services and goods to new LNG projects in Russia
Sanctions on a dozen vessels that are part of Russia’s so-called shadow fleet, used to get around a price cap on oil and other trade measures
Banning EU firms operating outside Russia from directly connecting to the Russian Central Bank’s Swift-equivalent SPFS, and banning transactions with listed firms using the system to circumvent sanctions
Forbidding EU operators from transacting with listed banks that are enabling trade in technologies and goods used in weapons or needed to make them
Restricting trade with dozens of new listings, including companies in China, Turkey and India
Restrictions on political parties, think tanks and media providers to accept Russian sources of funding
Ramping up the checks and due diligence required of EU companies whose goods are still making their way to Russia, often through networks of intermediaries that include subsidiaries and sub-contractors
Export controls on more chemicals, manganese ores, plastics, electronics and excavating machinery that could be used for military purposes as well as restrictions on helium imports
Tightening measures on existing air and road transport restrictions, as well as new controls on Russian intellectual property rights registrations in the EU and the import of Ukrainian cultural goods that may have been looted by Russia
Wion 09/05/2024
The European Union is considering expanding its sanctions against Russia to target the country's Liquefied Natural Gas industry. This move comes after 13 rounds of previous sanctions, with concerns that Russia's fossil fuel revenue remains a significant financial lifeline. Watch to know more.
gCaptain 20/04/2024
Yamal LNG transships 20 percent of its production, around 4 mtpa, via terminals in Zeebrugge, Belgium and Montoir-de-Bretagne, France.
In anticipation of an EU transshipment ban, Russian authorities have granted a record number of permits for the Northern Sea Route, including eight low ice-class and six conventional LNG carriers.
AFP, 16/01/2024
TotalEnergies a activé mardi (16/01/2024) le cas de "force majeure" pour Arctic LNG 2. Aucun enlèvement de GNL d'Arctic LNG 2 par TotalEnergies n'est prévu en 2024. TotalEnergies a déprécié ses 4,1 milliards de dollars d'actifs.
Arctic LNG 2, estimé à 21 milliards de dollars, est vital pour la Russie, produisant actuellement 8% du gaz naturel liquéfié mondial et souhaitant atteindre 15 à 20% d'ici 2035 face à ses concurrents américains, qataris et australiens. Soit un niveau d'environ 100 millions de tonnes par an.
Etant également actionnaire de Novatek, TotalEnergies détient au total 21,5% d'Arctic LNG 2.
Arctic LNG 2, gisement de gaz d'Utrenneye, doit avoir une capacité de production de 19,8 millions de tonnes de gaz naturel liquéfié par an grâce à trois lignes de production, soit un peu plus que Yamal.
The ban includes any vessels owned or operated by anyone connected to Russia.
Secretary of State for Transport Grant Shapps said:
"I’m instructing all UK ports to turn away any vessel that is flagged, registered, owned, or operated by Russia".