Will the new US and EU sanctions stop Russia’s liquefied natural gas exports?

Press center UCMC announce

Speakers: Agia Zagrebelska, Head of the Department for Minimization of Corruption Risks in the NACP Sanctions Policy
Andriy Zhupanyn, People's Deputy of Ukraine, Chairman of the Subcommittee on Natural Gas (TBC)
Darya Shapovalova, Director of the Energy Law Center of the University of Aberdeen
Liudmyla Yenina, director of the Department of Economic Diplomacy at the Ministry of Foreign Affairs of Ukraine (TBC)
Olena Lapenko, energy security expert, Dixi Group
Svitlana Romanko, director of Razom We Stand
Oleh Savytskyi, Campaign Manager, Razom We Stand
Moderator - Maksym Gardus, Razom We Stand

Attention! In case of an air alert, visitors of the event can use the shelter located in the basement of the Ukrainian House ( Ukraine Crisis Media Center, Ukrainian House, 1st floor. 2 Khreshchatyk street, Kyiv 0100

The US Department of State and the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury took significant steps by adopting new sanctions on November 2, 2023. These sanctions are a direct response to Russia’s ongoing aggression and aim to limit the means that support it. 

U.S. Secretary of State Antony Blinken said the State Department sanctions were imposed on people involved in sanctions evasion, among other things. “Our actions today also target Russia’s future energy capabilities, which will limit Moscow’s ability to funnel future revenues toward its destructive aims,” Blinken said. 

In recent months, Razom We Stand has been actively advocating for limiting Russian expansion in the Arctic and imposing sanctions on the export of liquefied natural gas from the Russian Federation. These sanctions target to stop Russia’s Arctic LNG-2 project, which can significantly increase its energy potential. 

The LLC Arctic LNG 2 was included in the US sanctions list adopted on November 2. This company is the Arctic LNG-2 operator, the flagship LNG project of NOVATEK, which has the full support of the Kremlin. 

The world community is well aware that Moscow’s energy power has been the driving force behind its current aggression. By targeting this project, the US deals a blow to Russian expansion in the Arctic and prevents the expansion of Russian liquefied natural gas exports. 

The EU should also take appropriate steps for the sake of peace in Europe and climate protection.

Questions for discussion

  • What do the US sanctions imposed on the Arctic LNG 2 project on November 2 mean?
  • How did the French TotalEnergies and Japanese Mitsui, which have shares in the project, react to them?
  • Why does the 12th package of EU sanctions not include Russian liquefied gas?
  • How is Russian LNG transshipped in European ports and what prevents this transshipment from being stopped?
  • Will the US and the G7 strengthen oil sanctions and stop the supply of Russian oil through the Middle East?

Сontext – background information about sanctions pressure on the RF

Event format – hybrid press briefing (offline and online).

Date and time:

November 14, 14:00 (UTC+ 2)

Venue: Ukraine Crisis Media Center, Kyiv, str. Khreshchatyk, 2

Ttotal duration – 1 hour.

Registration form: https://docs.google.com/forms/d/1iRz5WNhWfYli1hk-VtSWqvs8M1g-pfYRAlouqOJqK-I/edit 

Contact person:

Maksym Gardus, communications manager, Razom We Stand

[email protected]

Razom We Stand, a Ukrainian group founded at the start of Russia’s full-scale war against Ukraine in 2022, campaigns to end the war by cutting fossil fuel exports from Russia, consistently advocates for a comprehensive and complete embargo on Russian fossil fuels, and works towards a green transition of the Ukrainian energy sector, for a better climate and a better future. Learn more here: https://razomwestand.org/en/about-us