Western Sanctions Cripple Russia's Arctic LNG 2 Project

US-led sanctions targeting Russia's Arctic LNG 2 have significantly disrupted the country's ambitions to expand its liquefied natural gas exports.

Sanctions have left the $25 billion Arctic LNG 2 facility idle, halting its potential to ship LNG to new global markets.
Despite Russia's resilience in other economic areas, this project marks a significant setback in its energy sector.
The restrictions include a ban on technology transfers and have led to a shortage of specialized ice-class tankers necessary for LNG transport.
Potential buyers in Asia have shied away from engaging with the project, further isolating Russia from crucial LNG markets.
The EU is considering additional measures to limit Russian LNG, indicating a possible tightening of sanctions as the conflict continues.