EU Considers New Sanctions on Russian LNG

The European Union (EU) is advancing discussions on a new sanctions package targeting Russia, focusing particularly on phasing out liquefied natural gas (LNG) imports. A coalition of 10 EU member states, including Denmark, Finland, and the Baltic countries, is advocating for a complete ban on Russian LNG. Despite previous reluctance, the EU is now under pressure to address its reliance on Russian energy, especially as gas prices rise amid cold weather and ongoing geopolitical tensions. The draft measures, which may include restrictions on Russian aluminum and additional sanctions on Moscow's maritime oil export capabilities, are still being negotiated among member states. The EU is considering whether to implement these measures as legal sanctions or through a regulatory roadmap. However, achieving consensus among all member states remains a significant hurdle for enacting these proposals.