"The EU has agreed to a phased ban of Russian liquified natural gas imports, with the goal of stopping all trade in Russian shipped gas by 1 January 2027. Europe bought a record amount of Russian LNG in 2024, after pipeline gas supplies plummeted, a trade that benefited Russia, undermining its support for Ukraine. The EU also added 117 shadow fleet vessels to its sanctions list, meaning that 558 boats - suspected of illegal shipments of Russian oil are now unable to access EU ports."
"Russia is estimated to have an arsenal of 600 to 1,400 unregulated tankers in its shadow fleet, ageing vessels under opaque ownership structures, which are used to ship oil at prices exceeding the western price cap to countries such as China and India. The G7 imposed a price cap on Russian oil in December 2022, to squeeze Russian revenues to fund the invasion. Ukraine's European allies reduced the price cap further in September."
The EU approved its 19th sanctions package against Russia, introducing the first measures targeting Russian liquified natural gas and a phased ban to halt all shipped gas by 1 January 2027. The package adds 117 shadow fleet vessels to sanctions, bringing the sanctioned total to 558 boats barred from EU ports and insurance. Europe bought record Russian LNG in 2024 after pipeline supplies fell, a trade that benefited Russia. Russia's shadow fleet is estimated at 600–1,400 unregulated tankers used to ship oil above the western price cap to countries such as China and India. The package also restricts travel by Russian diplomats within the EU.
Read at www.theguardian.com
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