EU Enacts 19th Sanctions Package on Russia, Banning LNG Imports Amid Ongoing Conflict

The European Union has enacted its 19th sanctions package against Russia, including a ban on liquefied natural gas imports, intensifying pressure on Vladimir Putin amid the ongoing conflict in Ukraine.

• EU countries, under the Danish rotating presidency, officially approved the 19th sanctions package against Russia on October 22, 2023, marking a significant escalation in economic measures.
• The sanctions include a comprehensive ban on Russian liquefied natural gas imports, which will impact major companies such as Rosneft and Lukoil, both key players in the petroleum sector.
• Slovakia was the final EU member to lift its reservation on the sanctions, demonstrating the unified stance of the European Union against Vladimir Putins aggression in Ukraine.