U.S. and UK Sanctions Target Russia’s Arctic LNG 2 Project

In the latest sanctions unveiled on Monday, February 26, 2024, the U.S. and UK have targeted Russia’s Arctic LNG 2 project, affecting ship construction efforts in Russia and South Korea, along with Novatek’s Belokamenka assembly yard. These sanctions, marking the third round in six months, underscore the ongoing international response to Russia’s energy projects amidst geopolitical tensions.

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