EU Eyes First Ever Sanctions On Russia's LNG Sector

The EU is considering banning European ports from re-exporting Russian LNG to third countries (Credit: AFP)

The EU is considering expanding its sanctions against Moscow over the war in Ukraine to target Russia's liquefied natural gas sector, EU diplomats said Wednesday.

The aim is to further hit Russia's revenues from fossil fuels as there have been growing concerns that previous sanctions have not hurt as much as the EU wishes.