Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in South Lebanon: One martyred in the Israeli drone strike on a car in the town of Kawnin
Al Mayadeen's correspondent in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements
IRGC spokesperson Brigadier General Mohammad Naeini: Trump's statements are a result of his defeat against Iran, and we advise him to abandon absurd policies
Gaza Government Media Office: The number of children martyred due to malnutrition has risen to 66
Saree: Loyal Yemen will not abandon its religious, moral, and humanitarian duties toward the Palestinian people
Saree: Over the past week, we carried out military operations targeting sensitive sites and military installations in Beer al-Sabe', Yafa, and Haifa via a number of ballistic missiles and drones, which were all successful

EU Parliament urges more sanctions on Russian energy, banking sectors

  • By Al Mayadeen English
  • Source: News Websites
  • 28 Nov 2024 10:02
3 Min Read

The EU Parliament calls on the European Union to impose a full embargo on the import of Russian fossil fuels and liquefied natural gas into the bloc.  

Listen
  • x
  • The gas pumping station at Sudzhe, Russia, seen on Jan. 11, 2009. (AP)
    The gas pumping station at Sudzhe, Russia, was seen on January 11, 2009 (AP)

Members of the European Parliament are urging EU states to push for the adoption of a 15th sanctions package against Russia, aiming to broaden restrictions on the metallurgical, nuclear, chemical, and banking industries, according to a draft resolution supporting Ukraine released on Thursday.  

The draft also emphasized the necessity of implementing a full embargo on the import of Russian fossil fuels and liquefied natural gas (LNG) into the EU.  

The lawmakers additionally advocated for revising the duration of existing sanctions against Russia, proposing an extension from the current six-month term to three years.

In October, Time published an analysis detailing the failure of Western sanctions to fully sever Europe's reliance on Russian energy, despite over two years of war in Ukraine.

The report highlights how initial efforts by the US, UK, and the EU to isolate the Kremlin and wean Europe off Russian oil and gas have faltered.

While energy imports from Russia have declined significantly since February 2022, loopholes and incomplete embargoes have allowed Russian energy revenues to remain robust.

According to the analysis, Russia's energy dominance has allowed it to maintain a strong economy despite sanctions.

Related News

Southern EU unhappy with France-UK migrant swap talks

EU plans WTO alternative as Trump escalates tariffs: FT

In 2024, Russia's GDP is expected to grow by over 4%, and defense spending accounts for 40% of public expenditure as Moscow bolsters its military operations.

Despite the EU's push for an energy transition to renewables, the reliance on Russian liquified natural gas (LNG) has increased, with Austria cited as a prominent example of continued dependence. 

EU imports more Russian gas than US for the first time in two years

Although the EU remains adamant on imposing strict sanctions on Russian energy, it simultaneously heavily relies on it. 

For the first time in nearly two years, EU countries have imported more natural gas from Russia than from the US in a single quarter, according to data reported by the Brussels-based consultancy Bruegel. This shift in energy sourcing was reported by the German news outlet ZDF on Sunday.

Between April and June, the EU imported approximately 12.7 billion cubic meters of gas from Russia, surpassing the 12.3 billion cubic meters imported from the US.

This marks a notable change compared to the first quarter of 2024, where imports from Russia decreased slightly, while those from the US dropped more significantly. The German newspaper Welt first reported these figures.

Despite this shift, Norway remains the largest gas supplier to the EU, providing 23.9 billion cubic meters of gas in the second quarter. Russia held the top spot as the EU's primary gas supplier until the start of the war in early 2022, which led many EU nations to reduce their imports from Russia.

According to data from the German Federal Statistical Office, Germany has ceased importing Russian gas altogether.

Read more: EU storage facilities' gas injections decrease by 30%

  • Europe
  • Russia
  • gas
  • Russian energy
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli occupation soldiers search for settlers amid the rubble of buildings destroyed by an Iranian missile strike in Bat Yam, central occupied Palestine, on Sunday, June 15, 2025 (AP)
Politics

Iran missile strike flattens Bat Yam, displaces 2,000 settlers

Palestinian fighters from the Islamic Jihad militant group riding on a truck with weaponry on display take part in an anti-Israel parade marking the 36th anniversary of the movement's founding, in Gaza City, Wednesday, Oct. 4, 2023 (AP)
Politics

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

Iranian Foreign Minister Abbas Araghchi stands waiting to meet Russian President Vladimir Putin for the talks at the Kremlin in Moscow, Russia, Monday, June 23, 2025 (AP)
Politics

Iran suspends IAEA cooperation, Araghchi blames Grossi for attacks

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS