EU adopts 14th package of sanctions against Russia

The European Union (EU) announced on Monday the adoption of a 14th package of economic and individual sanctions against Russia for its war against Ukraine. The European Council said in a statement that these measures are designed to target high-value sectors of the Russian economy, including energy, finance and trade, making it ever more difficult to circumvent EU sanctions. Today's package includes sanctions on additional 116 individuals and entities "responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine," it noted. In order to ensure that EU facilities are not used to transship Russian liquefied natural gas (LNG) to third countries, the EU will forbid reloading services of Russian LNG in EU territory for the purpose of transshipment operations to third countries. This covers both ship-to-ship transfers and ship-to-shore transfers, as well as re-loading operations, and does not affect import but only re-export to third countries via the EU. F urthermore, the EU will prohibit new investments, as well as the provision of goods, technology and services for the completion of LNG projects under construction. All EU parent companies will be required to undertake their best efforts to ensure that their third-country subsidiaries do not take part in any activities resulting in an outcome that the sanctions seek to prevent. Moreover, political parties and foundations, non-governmental organizations, including think tanks, or media service providers in the EU, will no longer be allowed to accept funding coming from the Russian state and its proxies. Source: Kuwait News Agency