The European Union's upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down on circumvention by third parties, an advisor to the office of Ukrainan President Volodymyr Zelenskyy told CNBC.
Floating Storage Regasification Unit ship "Hoegh Esperanza" is guided by tug boats during its arrival at the port of Wilhelmshaven, Germany, December 15, 2022.The European Union's upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down on circumvention by third parties, an advisor to the office of Ukrainian President Volodymyr Zelenskyy told CNBC.
The EU's special envoy for the implementation of sanctions, David O'Sullivan, was in Kyiv Thursday to discuss the latest sanctions package amid ongoing pushback from member states such as Hungary. Among the proposed measures is a ban on Russian liquified natural gas exports and a crackdown on sanctions circumvention via countries including Kremlin ally Belarus.
"LNG is the leverage that Russia still maintains," Shapoval, who is also head of the KSE Institute, said over the phone.that such a ban would hurt the EU more than it would damage Russia, and that some LNG supplies were already being redirected to China and India.