EU to Fast-Track Ban on Russian LNG Imports by One Year

According to sources, the European Union's upcoming 19th sanctions package will move up its liquefied natural gas import ban on Russia by one year.

Summary

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Terms & Concepts
  • Liquefied Natural Gas (LNG): Natural gas that has been cooled to a liquid state for storage or transport, typically by ship.
  • Sanctions Package: A set of punitive measures imposed by a country or group of countries to restrict economic or political activity with a targeted nation.
  • European Union Sanctions: Restrictions or penalties enforced by the EU to influence the behavior or policies of other nations.