EU Fast-Tracks Ban on Russian LNG Imports Amid U.S. Pressure
The European Union plans to expedite its ban on Russian LNG imports by 2027, a year earlier than previously planned, in response to pressure from the U.S. This proposal is part of a 19th sanctions package aimed at curbing Russia's war economy funded by fossil fuel revenues. The plan awaits approval from all EU states.
The European Union is accelerating its timeline to ban Russian LNG imports, aiming to end purchases by January 2027, one year earlier than previously scheduled. This shift follows persistent pressure from U.S. President Donald Trump, urging the EU to expedite its energy divestment from Moscow.
European Commission President Ursula von der Leyen announced the proposed measures, emphasizing the need to cut off Russia's war economy funded by fossil fuel revenues. She seeks unanimous approval from EU member states to impose this 19th package of sanctions aimed at stifling Russia's economic engine.
Alongside targeting Russian LNG, the EU's new sanctions package also aims to clamp down on Russia's shadow tanker fleet and cryptocurrency sector. While full details remain undisclosed, officials hint at further targeting Russian and central Asian banks, as well as loopholes used for military imports.
(With inputs from agencies.)
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