Learn more

The European Union has approved a new package of sanctions in response to Russia’s invasion of Ukraine. For the first time, sanctions will affect gas, according to Bloomberg. The measures target Russia’s shadowy tanker fleet, liquefied natural gas transshipment, and companies in third countries, including China, that help Russia circumvent previous trade restrictions. The package, the 14th since Russia’s full-scale war against Ukraine began, includes: A ban on the transshipment of Russian LNG to third countries via the EU, including a ban on transshipment services, as well as ship-to-ship and …

cuu