EU Mulls Gradual Ban on LNG Imports From Russia

The European Union is drafting the 16th package of sanctions against Russia over its invasion of Ukraine, which could include a gradual ban on EU imports of LNG from Russia, sources with knowledge of plans told Bloomberg on Wednesday. The EU no longer imports pipeline natural gas from Russia via Ukraine, after the latter refused to negotiate an extension to the transit gas deal that expired on December 31, 2024. The EU, however, has significantly boosted imports of Russian LNG in recent months. Russian LNG accounted for 20% of the EU’s liquefied…