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EU Targets Russian LNG
- The EU aims to advance its ban on Russian liquefied natural gas (LNG) imports to January 2027, responding to U.S. pressure.
- This initiative is part of the EU's 19th sanctions package to diminish Russia's fossil fuel revenues supporting its war economy.
- Sanctions will also target Chinese and Indian firms aiding Russia in evading restrictions.
- In 2024, Russia supplied 19% of the EU's gas, down from 45% before the war.
- Unanimous approval from EU member states is needed, with Hungary and Slovakia likely to oppose due to their ties with Russia.
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