Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >EU lifts sanctions against three LNG tankers formerly working for Russia
    Headlines

    EU Lifts Sanctions Against Three Lng Tankers Formerly Working for Russia

    Published by Global Banking & Finance Review®

    Posted on July 22, 2025

    2 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    EU lifts sanctions against three LNG tankers formerly working for Russia - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:European CommissionInternational trade

    Quick Summary

    The EU has lifted sanctions on three LNG tankers managed by Japan's Mitsui O.S.K. Lines, previously linked to Russian gas, following commitments to cease such activities.

    EU Removes Sanctions on Three LNG Tankers Previously Linked to Russia

    EU's Sanction Changes and Implications

    MOSCOW (Reuters) -The European Union has lifted sanctions against three tankers managed by Japan's Mitsui O.S.K. Lines that had handled Russia-sourced liquefied natural gas after receiving commitments that they will stop doing so, the European Commission said.

    Background on the Sanctions

    The sanctions had been imposed on the tankers North Moon, North Ocean and North Light, which were shipping cargoes from the Yamal LNG plant and had been engaged in ship-to-ship operations near Russia's northern port of Murmansk.

    The move is part of the EU's 18th package of sanctions against Russia over its actions in Ukraine.

    Impact of the EU's Decision

    On its website, the European Commission said it had removed the three from its list of sanctioned vessels "following firm commitments that these LNG tankers will no longer engage in the transport of Russian energy (from) the Russian Yamal and Arctic 2 projects for which they had originally been commissioned".

    "This action demonstrates the impact of EU vessel designations, and that vessels can be returned to service following firm commitments."

    The tankers were built at the South Korean Hanwha Ocean shipyard last year.

    (Reporting by Oksana Kobzeva; Writing by Vladimir Soldatkin; Editing by Jan Harvey)

    Table of Contents

    • EU's Sanction Changes and Implications
    • Background on the Sanctions
    • Impact of the EU's Decision

    Key Takeaways

    • •The EU lifted sanctions on three LNG tankers managed by Mitsui O.S.K. Lines.
    • •These tankers were previously involved in transporting Russian LNG.
    • •The decision is part of the EU's 18th sanctions package against Russia.
    • •The tankers will no longer transport Russian energy from Yamal and Arctic 2 projects.
    • •This move shows the impact of EU vessel designations.

    Frequently Asked Questions about EU lifts sanctions against three LNG tankers formerly working for Russia

    1Why were the sanctions imposed on the LNG tankers?

    The sanctions were imposed on the tankers North Moon, North Ocean, and North Light for handling Russia-sourced liquefied natural gas and engaging in ship-to-ship operations near Russia.

    2What commitments led to the lifting of sanctions?

    The European Commission lifted the sanctions after receiving firm commitments that the LNG tankers would no longer engage in the transport of Russian liquefied natural gas.

    3What is the significance of the EU's action?

    This action demonstrates the impact of EU vessel designations, indicating that vessels can be returned to service following firm commitments.

    4Where were the tankers built?

    The tankers were built at the South Korean Hanwha Ocean shipyard last year.

    5What is the context of the EU's sanctions?

    The lifting of sanctions is part of the EU's 18th package of sanctions against Russia due to its actions in Ukraine.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    Image for Denmark's left-wing bloc leads election but lacks majority, exit polls show
    Denmark's Left-Wing Bloc Leads Election but Lacks Majority, Exit Polls Show
    Image for Moldovan parliament backs energy state of emergency after power line put out of action
    Moldovan Parliament Backs Energy State of Emergency After Power Line Put Out of Action
    Image for US expected to send thousands more soldiers to Middle East, sources say
    US Expected to Send Thousands More Soldiers to Middle East, Sources Say
    Image for Brazil court places Bolsonaro under house arrest on health grounds
    Brazil Court Places Bolsonaro Under House Arrest on Health Grounds
    Image for Analysis-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
    Analysis-Gulf Warnings and Fears of Miscalculation Preceded Trump’s Pause in Iran Showdown
    Image for Italian justice undersecretary quits over mafia-linked restaurant scandal
    Italian Justice Undersecretary Quits Over Mafia-Linked Restaurant Scandal
    Image for One killed, 13 injured in Ukrainian drone attack in Russia's Kursk region, governor says
    One Killed, 13 Injured in Ukrainian Drone Attack in Russia's Kursk Region, Governor Says
    View All Headlines Posts
    Previous Headlines PostBank of England's Bailey Defends Bank Rules After Reeves Attack
    Next Headlines PostLabourers Barred From Work, Tourists Kept From Ruins as Heatwave Sears Greece, Balkans