UK extends sanctions against ships linked to Russian LNG

The United Kingdom has imposed sanctions on five vessels and two organizations involved in the transportation of Russian LNG, including the Arctic LNG 2 project. These measures are aimed at reducing funding that supports Russia's war against Ukraine.

This was reported by RBC-Ukraine with reference to the press service of the British government.

LNG plays a key role in Russia's economy, being an important source of revenue for the country. In particular, Moscow seeks to increase its share of the global LNG market from 8% to 20%. However, the UK, along with the US and the EU, has previously imposed restrictions on the Arctic LNG 2 project, forcing it to cut production.

The new sanctions target companies and vessels that are actively involved in Russian energy projects that are crucial for future LNG production. In total, the United Kingdom has imposed sanctions on 15 vessels and organizations associated with Russian LNG. Today's measures apply to the following vessels:

• PIONEER (IMO 9256602)

• ASYA ENERGY (IMO 9216298)

• NOVA ENERGY (IMO 9324277)

• NORTHERN SKY (IMO 9953523)

• SCF LA PEROUSE (IMO 9849887)

The operators of these vessels were also sanctioned:

• OCEAN SPEEDSTAR SOLUTIONS OPC - operator of the vessels PIONEER and ASYA ENERGY

• WHITE FOX SHIP MANAGEMENT - operator of the Northern Sky vessel

Under the UK sanctions legislation, the listed vessels are prohibited from accessing UK ports and may face a number of other restrictions, including arrest and denial of registration.

Sanctions against Russian LNG continue to be an important element of international pressure on Russia in the context of its aggressive actions in Ukraine.

Author - Olena Madiak, 26/09/2024