EU eyes shipping, violations in new sanctions package

7/5/2024 7:07

        The European Union would ban trans-shipment of Russian LNG, the use of EU ports by vessels transporting goods contributing to Russia's war effort and make EU operators more accountable for any sanctions violations, according to a text under discussion.
        
        The text seen by Reuters on Monday covers proposals that would constitute a 14th package of sanctions against Russia over its 2022 invasion of Ukraine now being debated by EU members before it enters force.
        
        According to the proposals presented to EU envoys on Friday, the package will seek to limit Russia's revenues from liquefied natural gas sales by prohibiting the use of EU facilities to trans-ship Russian LNG to third countries.
        
        The proposals also include a ban on the use of EU ports and locks for vessels that contribute to Russia's war effort.