EU targets Russia's LNG ghost fleet in new round of Ukraine war sanctions

Quick Summary:

In a statement issued at a meeting of EU foreign ministers, the bloc said that it will forbid reloading services of Russian LNG in EU territory for the purpose of transshipment operations to third countries.

The European Union on Monday slapped new sanctions on Russia over its war on Ukraine, targeting Moscow's shadow fleet of tankers moving liquefied natural gas through Europe as well as several companies.

The EU estimates that about 4-to-6 billion cubic metres of Russian LNG was shipped to third countries via EU ports last year.

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Category: BusinessFinance

Markets: IndiaChinaUkraineUnited Arab Emirates

Topics: European Union LNG Fleet Russia EU LNG Russia Ukraine conflict

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 15:03:26 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 369 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21364991

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