EU ambassadors agree 21st sanctions package against Russia, EU diplomats say
The package adds 32 Russian banks and 30 shadow fleet vessels while letting Greek carriers keep limited LNG shipments to non-EU clients.
- The European Union plans to grant Greek shipping company Dynagas a 12-month exemption from sanctions, allowing continued transport of Russian LNG to third countries, pending approval from European Union ambassadors.
- Greece blocked the 21st sanctions package on July 15 to protect Dynagas, owned by Greek billionaire George Prokopiou; Athens officials argued a ban on transiting Russian LNG would effectively ruin the company.
- Dynagas operates 27 LNG carriers, including vessels built for Arctic waters near the Yamal LNG plant, having transported more than 10 million tons of Russian LNG on 144 voyages since 2025.
- The 21st sanctions package, unveiled in June, aims to restrict Russia's revenue by banning shipments of Russian LNG to third countries and purchases by European Union entities, with EU purchases reaching 9.97 million tons in the first half of the year.
- QatarEnergy extended its force majeure on Ras Laffan until October, per a Bloomberg report from Wednesday, leaving the European Union struggling to find alternatives to Russian LNG before winter arrives.
245 Articles
245 Articles
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Europe Just Passed Its Biggest Sanctions Package in Four Years — and Its Members Keep Buying More Russian Gas
The EU recently agreed on its 21st sanctions package against the Russian Federation, according to diplomats. This most recent package, EU members said, was the largest batch of sanctions in four years, targeting financial institutions, LNG companies, individual shadow fleet vessels, and more. Putin in May 2025 Looking Grim. Image Credit: Kremlin. Putin Back in 2023. Image Credit: Kremlin. The debate over this newest round got a bit heated after …
The EU has agreed on another sanctions package against Russia, but it will not bring the load down, the assessment is.
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