The new sanctions target high-value sectors of the Russian economy such as energy, finance and trade, and make it increasingly difficult to circumvent EU sanctions. They include:
a ban on reloading services for Russian liquified natural gas (LNG) on EU territory for the purpose of transshipment operations to third countries;
a ban on new investments for the completion of LNG projects under construction;
outlawing the use of the ‘System for Transfer of Finance Messages’ (SPFS);
a ban on port access and the provision of services to vessels contributing to Russia’s war;
a wider EU flight ban;
further import-export controls and restrictions.
