The European Union has adopted its 19th package of sanctions against Russia in response to the war in Ukraine.
The new sanctions include a ban on imports of Russian liquefied natural gas (LNG). The restrictions will be imposed in two stages: short-term contracts will be suspended for six months, and long-term agreements will take effect on January 1, 2027.
The 19th package also adds 117 tankers to the blocklist of “shadow fleet” ships, bringing the total to 558.
In total, the EU measures will affect 45 organizations that helped the Kremlin circumvent sanctions, including 12 companies in China and Hong Kong, Bloomberg reports. Transactions with five Russian banks and the provision of services related to crypto assets to Russian citizens, residents, and legal entities will also be prohibited.
