116 people affected

EU adopts new sanctions against Russia

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24.06.2024 10:13

On Monday, the EU member states adopted the 14th package of sanctions against Russia. Punitive measures will be imposed on 116 individuals and institutions, according to a statement from the EU Council. In addition, it will be prohibited in future to tranship Russian liquefied gas for transportation to third countries.

Shortly after the outbreak of the war in Ukraine, it was decided to be completely independent of Russian natural gas and oil by 2027. However, due to resistance from governments such as the Austrian and Hungarian governments, there is not yet a complete boycott of fossil fuels from Russia. This means that gas and oil coming via pipelines can still be purchased.

Investments in liquid gas prohibited
The 14th sanctions package now prohibits investments in Russian liquefied natural gas projects (see video above). In addition, loopholes that are currently used to circumvent sanctions are also to be closed. Ideally, according to the EU, this will mean that Russian energy companies will sell less LNG (liquefied natural gas) and therefore less money can be invested in the war.

In future, it will be forbidden to tranship Russian liquefied natural gas for transportation to third countries. (Bild: AFP/FOCKE STRANGMANN)
In future, it will be forbidden to tranship Russian liquefied natural gas for transportation to third countries.

The sanctioned companies include those whose trade is said to have contributed to providing Russia with military and technological support. They are based in third countries such as China, Kazakhstan, Kyrgyzstan, Turkey and the United Arab Emirates. Estonia's Foreign Minister Margus Tsahkna said that it was "becoming increasingly difficult in the European Union to find a consensus on new sanctions."

EU foreign policy chief Josep Borrell also announced that he would present a proposal to use frozen Russian assets to support Ukraine. "We have a legal procedure to avoid any kind of blockade," he said.

Situation in the Middle East on the agenda
In addition to Ukraine, the situation in the Middle East is also on the agenda of the EU foreign ministers today. It is conceivable, for example, that an EU-Israel Association Council could be convened in the coming months. Foreign Minister Alexander Schallenberg (ÖVP) is taking part on behalf of Austria, while his Ukrainian counterpart Dmytro Kuleba was connected via video.

This article has been automatically translated,
read the original article here.

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