US sanctions law could disrupt Yamal LNG and EU Russian gas trade(opens in a new tab)
Western sanctions have sharply restricted Arctic LNG 2’s operations, indicating that a new sanctions law could disrupt Yamal LNG and EU Russian gas trade.
Event
U.S. sanctions law threatens Russia’s Arctic Yamal LNG fleet
The Lindsey O. Graham Sanctioning Russia and Iran Act, signed by President Trump in mid‑September, authorises U.S. sanctions on Novatek and foreign vessels that support the Yamal LNG project. The law could target the 14 specialised Arc7 LNG carriers operating from Sabetta, which would expose European shipyards, insurers and banks to sanctions risk.
Coverage
High North News gCaptain U.S. Sanctions Law Puts Russia’s Arctic Yamal LNG Fleet in Crosshairs(opens in a new tab)
A U.S. sanctions law could target Novatek, the controlling shareholder of Russia’s Yamal LNG project, potentially forcing European shipping, insurers and service providers that support the fleet’s Arc7 ice‑breaking LNG carriers to confront sanctions exposure months earlier than expected.
Google Alert: Arctic US could hit Putin's Arctic gas empire by sanctioning 14 LNG tankers(opens in a new tab)
US could hit Putin's Arctic gas empire by sanctioning 14 LNG tankers
