EU proposes first sanctions on Russia’s LNG sector

By Victor Jack, Camille Gijs, Jacopo Barigazzi | 05/07/2024 07:09 AM EDT

Until now, the EU hasn’t targeted Moscow’s lucrative gas sector. The proposed sanctions would hit about a quarter of Russia’s LNG revenues.

BRUSSELS — For the first time, the European Commission has proposed sanctions on Russia’s powerful liquefied natural gas industry, according to documents seen by POLITICO.

The measures wouldn’t directly bar Russian LNG imports to the EU. Instead, they would prevent EU countries from reexporting Russian LNG after receiving it — confirming POLITICO’s previous reporting.

“This provision does not affect imports into the EU,” the proposal stresses.


The sanctions would also ban EU involvement in upcoming LNG projects in Russia. “Such a measure limits the expansion of Russia’s LNG capacity and thereby limits Russia’s revenues,” the proposal argues.