28.1 C
Delhi
Friday, July 19, 2024

Extravagant weddings: The hidden costs of lavish celebrations

How fancy weddings widen social and economic...

Union Minister Piyush Goyal has announced substantial concessions in licensing fees

Union Minister Piyush Goyal has announced substantial...

EU States Approve 14th Sanctions Package Against Russia, Diplomats Say

EuropeEU States Approve 14th Sanctions Package Against Russia, Diplomats Say

European Union countries have approved a 14th package of sanctions against Russia over its ongoing conflict in Ukraine. The new measures include a ban on the re-exports of Russian liquefied natural gas (LNG) within EU waters. Belgium, which currently holds the rotating EU presidency, announced on the X platform that the package aims to enhance the impact of existing sanctions by closing loopholes.

Debate over the new sanctions lasted over a month, with Germany prompting the watering down of a proposal intended to prevent circumvention. The dropped measure would have required EU company subsidiaries in third countries to prevent the re-export of goods to Russia. Germany requested an impact assessment for the measure, which may be revisited later.

While the LNG trans-shipment ban is the first of its kind, experts suggest it will have minimal impact, as Europe continues to buy Russian gas and trans-shipments to Asia via EU ports account for only about 10% of Russia’s total LNG exports.

For more latest news visit https://hamslivenews.com/ 

Check out our other content

Check out other tags:

Most Popular Articles