Analysis: New EU sanctions target Russian gas for the first time - but could have gone much furtherBy Ian King, business presenterThe EU today launched its 14th package of sanctions against Russia - this time targeting Vladimir Putin's liquefied natural gas exports (LNG) for the first time. The measure is the latest attempt by the bloc to deny Mr Putin's regime of money as his war on Ukraine drags into its 29th month. No EU bans on Russian gas yetThe sanctions, which will kick in after a nine-month transition period, fall short of an outright ban on Russian LNG shipments. The EU followed the lead of the United States and the UK in banning Russian oil imports, with one or two limited exceptions, in 2022 after Russia attacked Ukraine. Part of the package also targets specific vessels - including an initial 27 oil tankers - that are used to get around the price cap slapped on Russian oil by the G7 countries.
