As part of the 14th round of sanctions, the EU has introduced a ban on the transit of Russian LNG through European ports to third countries, Report informs referring to TASS.

This measure is set to come into force after a transition period of nine months, according to a statement from the European Commission.

The ban on Russian LNG transit is expected to have far-reaching consequences for the country’s energy sector. Russia, being one of the world’s largest producers of natural gas, has relied on European ports for the transshipment of its LNG to other markets. With this crucial route now being cut off, Russia will face challenges in finding alternative routes and buyers for its LNG exports.