US targets future Russian energy projects in Arctic in new round of sanctions

By Malte Humpert, High North News June 13, 2024
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Novatek’s Yamal LNG project in the Arctic. (Source: Novatek)

The U.S. continues its systematic effort to degrade Russia’s future energy revenues. The latest round of sanctions announced Wednesday builds on previous measures successfully stalling the Arctic LNG 2 project and degrading related infrastructure.

The U.S. Department of the Treasury now added future liquefied natural gas (LNG) projects – Obsky LNG, Arctic LNG 1 and Arctic LNG 3 – to the list of sanctioned entities.

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High North News is an independent newspaper published by the High North Center at Nord University in Bodø, Norway.