EU reviews options for Russian gas sanctions
European Union countries are studying new options to maintain their sanctions against Russia regarding natural gas, after Greece objected to the proposed restrictions that would prevent the transfer of Russian liquefied gas outside the bloc, fearing impact on local shipping companies. The proposed options include granting a transition period of up to 24 months, or exempting existing contracts, or lifting the ban on liquefied gas, or fully revoking the sanctions to reframe them. Additionally, the member states extended the Russian oil price cap to $44.10 per barrel for a few months, aiming to reach a consensus on their energy policy amid rising energy prices, amid efforts to find solutions that balance economic pressure on Moscow with protecting their commercial interests.
Notice: This Is an AI-Generated Summary
Comments (0)