European Commission president says they’ll sanction Russian export of liquefied natural gas
Summary
The European Commission has proposed new sanctions on Russia's export of liquefied natural gas (LNG) and other energy sectors due to the ongoing conflict in Ukraine. These measures need approval from all 27 European Union countries before they become effective. The EU has already imposed numerous sanctions on Russia, including travel bans and asset freezes.Key Facts
- The European Commission wants to impose new sanctions on Russia's LNG exports.
- EU countries must approve the sanctions for them to take effect.
- The EU has already issued 18 packages of sanctions against Russia.
- Over 2,500 entities, including Russian President Putin and key officials, are affected by previous sanctions.
- The EU is the largest buyer of Russian LNG, importing about 16% of its LNG from Russia last year.
- Hungary and Slovakia may oppose the new sanctions.
- The proposal targets major Russian energy companies like Rosneft and Gazprom Neft.
- Sanctions could also extend to people involved in relocating Ukrainian children.
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