EU may impose 14th sanctions package against Russia in next 24 hours
2 Min Read
The main target in the package is reportedly a ban on the transshipment of Russian liquefied natural gas in EU ports.
-
European Commission President Ursula von der Leyen, speaks during an election event at the European Parliament in Brussels, Sunday, June 9, 2024 (AP)
A 14th package of sanctions against Russia by the European Union may be in place in the next 24 hours, as Brussels aims to reach a consensus before the G7 summit, Polish radio broadcaster RMF FM reported on Wednesday, citing sources in the Belgian diplomacy.
An undisclosed source was quoted by RMF FM as saying, "Belgium has the ambition to reach an agreement before the G7 summit."
The main target in the package is reportedly a ban on the transshipment of Russian liquefied natural gas in EU ports.
Citing a diplomat, the radio broadcaster said that there are disagreements from Hungary, France and Germany regarding this targeted ban.
Read more: EU figures Russia sanctions are backfiring: Modern Diplomacy
Back in April, and based on data from Eurostat, Sputnik estimated that a ban on Russian liquified natural gas (LNG) from the European Union would cost the bloc a 19% share of its imports as Russia is the second largest supplier of LNG to the bloc.
The EU imported LNG equivalent to a total of seven billion euros ($7.46 billion) in January-February from nine different countries.
The EU confirmed on February 23 the adoption of a 13th package of sanctions against Russia, on the second anniversary of the war in Ukraine. This set of sanctions is aimed at restricting Russia's military might, with 194 individual designations, including 106 individuals – including the Russian Defense Minister – and 88 entities affected by the package.
Over 140 companies and individuals from the Russian military-industrial complex, which manufacture missiles, drones, anti-aircraft missile systems, military vehicles, and high-tech components were targeted by the sanctions.
