Reported 8 months ago
The European Council officially announced through its website on June 25, 2024, that the European Union will implement the 14th round of sanctions against Russia, focusing on high-value sectors in the Russian economy such as energy, finance, and trade. This round of sanctions includes a ban on the transit of Russian liquefied natural gas. The EU added 27 vessels, including oil tankers and LNG carriers, to the sanctioned entity list. This marks the EU's first sanctions on liquefied natural gas, making it harder for Russia to evade EU sanctions, thereby limiting Russia's economic strength. The EU also prohibits new investments in Russia and restricts the use of Russia's SPFS financial messaging system. This is part of the EU's efforts to further undermine Russia's trade capabilities.
Source: YAHOO