Politics and Government Politics and Government
Wed, January 15, 2025
[ 08:21 AM ] - MSN
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[ 05:41 AM ] - MSN
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[ 05:41 AM ] - MSN
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[ 05:20 AM ] - MSN
EU considers ban on Russian LNG and aluminum in 16th sanctions package - Bloomberg

EU considers ban on Russian LNG and aluminum in 16th sanctions package - Bloomberg


Published on 2025-01-15 05:20:55 - MSN
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  • The European Union considers the gradual introduction of restrictions on importing Russian liquefied natural gas (LNG) and aluminum. The new measures will be part of the EU's 16th sanctions package against Russia for its war in Ukraine,

The European Union is contemplating a ban on Russian liquefied natural gas (LNG) and aluminum as part of its 16th sanctions package against Russia, according to Bloomberg. This move aims to further tighten economic pressure on Russia amidst ongoing geopolitical tensions. The proposed sanctions would not only target new investments in Russian LNG projects but also include a prohibition on trans-shipping Russian LNG through EU ports. Additionally, the EU is considering restrictions on imports of Russian aluminum, which could impact various industries. These measures are part of a broader strategy to reduce Europe's dependency on Russian energy and to economically isolate Russia, although the effectiveness and the potential economic repercussions for EU countries are still under discussion.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/eu-considers-ban-on-russian-lng-and-aluminum-in-16th-sanctions-package-bloomberg/ar-AA1xew7t ]
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