US Expands Sanctions on Russian Arctic LNG 2 Project

New measures target shipping companies and vessels to cut off Russia's energy revenue amid ongoing Ukraine conflict.

The US sanctioned Gotik Energy Shipping Co. and Plio Energy Cargo Shipping OPC PVT LTD, linked to the Arctic LNG 2 project.
Two vessels, New Energy and Energy Mulan, were added to the sanctions list for deceptive shipping practices.
Sanctions aim to restrict Russia's ability to export liquefied natural gas, a key revenue source for its economy.
Satellite imagery and ship-tracking data suggest Russia is struggling to find buyers for its Arctic gas.
The US continues to coordinate with G7 partners to counter Russia's exploitation of energy resources for political gain.