EU eyes first ever sanctions on Russia’s LNG sector [Video]

The EU is considering expanding its sanctions against Moscow over the war in Ukraine to target Russia’s liquefied natural gas sector, EU diplomats said Wednesday.

The aim is to further hit Russia’s revenues from fossil fuels as there have been growing concerns that previous sanctions have not hurt as much as the EU wishes.

EU ambassadors discussed the LNG proposal during a meeting Wednesday but an EU diplomat said the talks were still in the early stages.

The EU has already unleashed 13 rounds of unprecedented sanctions against Russia since its 2022 invasion of Ukraine, many of which target its key oil and gas exports.

The latest proposal by the European Commission contains “elements on ship-to-ship transfers of LNG”, another EU diplomat told AFP.

This would entail a ban on ports in …