EU Member States Fail to Reach Consensus on 21st Round of Sanctions Against Russia

Deep News07-23 05:00

On the 22nd local time, a meeting of foreign affairs officials from European Union member states concluded, once again failing to reach a consensus on the 21st package of sanctions against Russia.

The new sanctions are reportedly aimed at targeting the Russian banking sector. However, Greece has expressed a desire for the EU to relax restrictions on the supply of Russian liquefied natural gas (LNG). Last week, Greek officials stated that the impending ban on the transfer of Russian LNG would merely shift market share outside of Europe without affecting Russia's revenue.

According to regulations passed by the EU last year, starting from January 1, 2027, the bloc will implement a comprehensive ban on EU operators directly or indirectly purchasing, importing, or transferring LNG originating from or exported from Russia. This prohibition also applies to EU companies transporting or transferring Russian LNG for third countries.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment