Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied natural gas (LNG).
In the year since Russia's February 2022 invasion of Ukraine, the EU has placed sanctions on seaborne oil and coal imports from Russia.
Belgium and Spain nearly doubled their imports of Russian LNG in the 12 months since Russia invaded Ukraine, analysis by Kpler showed.The appetite to address the issue is mounting within the 27-member European Union, but there is no agreement on how as the risks of inflating energy prices and inadvertently boosting Russian energy revenues further are considerable.stop buying Russian LNG
"It's true that in total amounts, it's not so much. But I think it is not easy to explain why we still accept these LNG imports," she said. Klaus-Dieter Borchardt, a Senior Energy Advisor at law firm Baker McKenzie, said World Trade Organisation law only allows countries to ban a specific product from their market in certain limited circumstances.
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