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Home World Europe

Pro-Ukraine Civil Society Groups Slam the EU for Failing to Close Loopholes and Fully Ban Russian Fossil Fuels in Adopted 15th Sanctions Package

17 December 2024
in Europe
Pro-Ukraine Civil Society Groups Slam the EU for Failing to Close Loopholes and Fully Ban Russian Fossil Fuels in Adopted 15th Sanctions Package
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The Business4Ukraine coalition, including Razom We Stand, calls on the EU to strengthen sanctions against Russia to cut off funding for its war efforts, highlighting loopholes in energy sanctions that allow billions to flow into the Kremlin’s war coffers. The coalition urges a complete ban on Russian LNG imports, stricter enforcement against the shadow fleet, and closing the refining loophole to halt the flow of revenue to Russia. Existing energy sanctions have reduced Russian fossil fuel export revenues by €3.5 billion per month, but flaws in enforcement have allowed Russia to increase military spending and attacks against Ukraine in 2024.

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Tags: 15thAdoptedBancivilCloseFailingfossilfuelsfullygroupsloopholesPackageProUkraineRussiansanctionsSlamSociety
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