New U.S. sanctions will crack down on Russia’s LNG sector

Russian “Bulletin” website on March 5, the United States Congress announced at the end of February “on the security of the United States from Kremlin aggression” (DASKA), the bill is a supplement to the “Punishment Against the United States Enemy Act” (CAATSA) issued in 2017.


According to the new law, the United States can impose sanctions on legal persons involved in new crude oil exploitation projects in Russia. The direct target of sanctions mentioned in the field of natural gas is the LNG projects implemented by Russia abroad.

However, the United States Industrial Safety Agency (BIS) issued an executive decree in 2014, stipulating that condensate gas is also included in the concept of “crude oil”, so related areas are also included in the sanctions.