Oct. 23 at 1:43 AM
The EU is set to approve its 19th package of sanctions on Russia, which will also see the bloc’s growing imports of Russia’s LNG banned starting from next year.
The EU is also taking a range of measures to prevent Moscow getting around Western sanctions, including blacklisting 117 additional shadow fleet vessels carrying Russian oil. In addition, the measures place sanctions on a dozen companies in Hong Kong & China and some additional Indian companies for helping Russia’s economy
The EU’s China sanctions include action to restrict Russia’s oil trade w/ Beijing, hitting 2 refineries & an oil trader. President Trump has been pressing Europe to expand its sanctions on China for its role in helping Russia’s economy. The EU sanctioned 2 Chinese banks earlier this year.
EU leaders are also expected to give their backing to a plan that would lend Ukraine as much as
$200B in Russian assets frozen in the first days of the war.
$USO $UNG $TDY $LNG $EQNR