logo
EU abandons plans to ban Russian LNG

EU abandons plans to ban Russian LNG

Russia Today17-04-2025

EU officials have stepped back from plans to include a ban on Russian liquefied natural gas (LNG) imports in an upcoming sanctions package against Moscow, Reuters reported on Wednesday.
The decision, one official told the agency, was driven by internal opposition, uncertainty over replacing the supply, but also concerns that a ban could weaken the EU's negotiating power with the US.
The 17th package is part of broader efforts by the EU to pressure Russia over the Ukraine conflict. Sanctioning Russian LNG now could strip the bloc of a key bargaining chip in ongoing trade talks with Washington, an unnamed EU official told Reuters.
The European Commission is reportedly seeking to use energy imports, including LNG, as leverage to persuade the US to lift tariffs on EU goods.
US President Donald Trump has repeatedly urged the EU to increase purchases of American gas. Some EU officials see this as an opportunity to negotiate the rollback of 25% tariffs on EU steel and aluminum, reinstated in February. Enforcement of the tariffs was delayed by a 90-day pause to allow time for negotiations.
Last week, EU Trade Commissioner Maros Sefcovic met with US officials in Washington for initial talks. The commission described the meeting as a
'scoping exercise'
and said the US must still clarify its demands.
The idea of banning Russian LNG was previously floated during talks on the EU's 16th sanctions package, adopted in February 2025, but was dropped following discussions in January due to reported opposition from member states.
Read more
'Stop blackmailing' – China to US
Some countries, including France, Spain, and Belgium, continue to import significant volumes of Russian LNG, accounting for 85% of Europe's Russian LNG imports, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
While pipeline gas imports from Russia have declined since 2022, the EU's imports of Russian LNG have increased. In 2024, Russia accounted for 17.5% of the bloc's LNG supply, making it the second-largest source after the US, which held a 45.3% share.
The European Commission is currently drafting a roadmap to end dependence on Russian energy by 2027, with the plan expected in early May.
In February, Russia's first deputy energy minister, Pavel Sorokin, told RT during India Energy Week in New Delhi that the country is ramping up its LNG production and exports despite international sanctions. He said Russia could boost LNG shipments to India, noting the
'competitive pricing'
and stressing that Moscow will continue to trade with its partners despite growing pressure from the US and its allies.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Zelensky gave Putin ‘reason to bomb the hell out of' Ukraine
Zelensky gave Putin ‘reason to bomb the hell out of' Ukraine

Russia Today

time3 hours ago

  • Russia Today

Zelensky gave Putin ‘reason to bomb the hell out of' Ukraine

The recent Ukrainian drone attacks on Russian airfields hosting long-range nuclear-capable bombers have sharply increased the risk of escalation and gave Moscow a valid reason to retaliate with force, US President Donald Trump told reporters on Friday. In addition to launching a coordinated drone strike on multiple Russian airbases, Ukraine also blew up railway bridges in Russia last week, derailing both civilian and freight trains, killing at least seven people, and injuring over 120 others, including children. President Vladimir Putin discussed the attacks in a phone call with his US counterpart on Wednesday, warning that Moscow's response is inevitable and justified. Trump told journalists on Friday that he 'didn't like' the escalation when asked whether Kiev's attack on a key component of Russia's nuclear triad changed his view of 'what's at stake' and what 'cards' Ukraine's Vladimir Zelensky holds. 'Well, they gave Putin a reason to go in and bomb the hell out of them last night,' Trump stated. 'That's something I didn't like about it. When I saw it, I said: 'Here we go… now it's going to be a strike.'' In response to the recent 'terrorist acts' by Kiev, the Russian military carried out large-scale strikes against Ukrainian defense industry sites early Friday morning, using air-, sea-, and land-based missiles as well as unmanned aerial vehicles (UAVs), according to the Defense Ministry. The targets of the overnight strikes included 'design bureaus, enterprises involved in the production and repair of Ukraine's weapons and military equipment, workshops for the assembly of attack drones, flight training centers, as well as warehouses of weapons and military equipment,' the statement said. Putin described the deadly railway sabotage incidents as 'undoubtedly a terrorist act' committed by the 'illegitimate regime in Kiev,' which, he said, is 'gradually turning into a terrorist organization.' Moscow has accused Kiev of escalating its attacks in an effort to undermine US-backed peace talks. Russia has also claimed that Trump is receiving 'filtered' information about the Ukraine conflict from individuals pushing Washington to support Kiev.

Iran hails Russian rebuff of US bombing threat
Iran hails Russian rebuff of US bombing threat

Russia Today

time6 hours ago

  • Russia Today

Iran hails Russian rebuff of US bombing threat

Senior Iranian lawmaker Abolfazl Zohrevand has expressed gratitude to Russia for condemning American threats against the Islamic Republic over its nuclear program. Speaking exclusively to RT, he also suggested that Washington was attempting to lure Tehran into a 'propaganda trap.' The two countries began negotiations in Oman in April. US President Donald Trump has warned that if Iran does not 'make a deal, there will be bombing.' In an interview with RT on Friday, Zohrevand, who is a member of the Security and Foreign Policy Committee of the Iranian parliament, praised Russian Foreign Ministry spokeswoman Maria Zakharova for clearly articulating Moscow's opposition to the threats. The lawmaker also warned that Iran should be cautious not to fall into the 'trap' set by the US. 'The atmosphere that is being created by the Americans cannot be deemed credible,' Zohrevand stated, stressing that this was his personal opinion. Speaking during a press briefing on Wednesday, Zakharova described threats to target Iranian nuclear facilities as 'irresponsible,' emphasizing that such a strike would lead to 'catastrophic consequences' for the whole world. 'It should be obvious to everyone that the path toward the resolution of [issues] surrounding Iran's nuclear program is through diplomacy only,' she added. Following a phone conversation with Russian President Vladimir Putin that same day, President Trump wrote in a post on his Truth Social platform that 'President Putin suggested that he will participate in the discussions with Iran and that he could, perhaps, be helpful in getting this brought to a rapid conclusion.' Speaking to reporters on Thursday, Kremlin spokesperson Dmitry Peskov confirmed that 'President Putin said that we are ready to use [our close relations with Tehran]… to help contribute positively to the ongoing talks.' On Monday, Iranian Foreign Minister Abbas Araghchi stated that his country was prepared to 'give assurances to all sides about the peaceful nature of our nuclear program.' Responding last month to Washington's demand that Tehran stop all uranium enrichment, the diplomat dismissed it as 'completely detached from the reality of negotiations.' Iran currently enriches uranium to 60% purity, far above the 3.67% cap set under the now-defunct 2015 nuclear deal. The Joint Comprehensive Plan of Action was rendered null and void after President Trump unilaterally withdrew the US from it during his first term, claiming that it was toothless.

EU may target Russia's financial reputation
EU may target Russia's financial reputation

Russia Today

time7 hours ago

  • Russia Today

EU may target Russia's financial reputation

The EU is considering adding Russia to its anti-money laundering 'grey list' in an effort to cause reputational damage and increase financial pressure on Moscow, Financial Times reported on Friday. The blacklist includes countries that Brussels considers to have inadequate regulations against shady financial activity. Inclusion on the list would impose extra compliance requirements on banks and financial institutions dealing with Russian individuals and entities, leading to higher costs in conducting business activity. The European Commission is preparing to adopt a revised list of high-risk third countries next week, after postponing its release at the last minute for 'administrative/procedural reasons,' FT reported. 'There is huge support for putting Russia on the list,' Markus Ferber, a German MEP with the center-right European People's Party, the EU parliament's largest grouping, told the outlet. Typically, the EU aligns its blacklist with decisions from the Financial Action Task Force (FATF), a global intergovernmental body that combats money laundering and terrorist financing. Although Russia's FATF membership was suspended in 2023, several countries would likely block any attempt to formally add it to the FATF grey list, leading Brussels to consider unilateral action. Despite its suspension from FATF, Russia continues to engage with the Eurasian Group (EAG), a regional body affiliated with FATF. In 2024, the EAG assessed Russia's progress in strengthening its anti-money laundering and counter-terrorism financing measures. It acknowledged some improvements but urged further action, particularly in enforcing targeted financial sanctions and increasing transparency around beneficial ownership. Ukraine has repeatedly pushed for Russia to be placed on the FATF blacklist, citing its connections with already blacklisted states and the potential risks it allegedly poses to the global financial system. However, these attempts have failed due to resistance from several FATF member states, including China, India, Saudi Arabia, and South Africa. Despite being suspended, Russia remains obligated to comply with FATF standards and continues to fulfill its financial commitments to the organization.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store