Biden Sanctions Two Operating Russian LNG Export Plants (1)

The US sanctioned two of Russia’s active liquefied natural gas export plants in a flurry of energy restrictions aimed at weakening Russia’s war machine against Ukraine.

Gazprom PJSC’s Portovaya LNG export plant and the Novatek PJSC-led Vysotsk LNG facility, both on the Baltic Sea coast, were listed Friday along with several gas tanker ships. Russia’s biggest plants for exporting the fuel, Yamal LNG and Sakhalin-2, weren’t included.

The US is “taking steps to reduce Russia’s energy revenues” by imposing the measures, according to an advisory by the Treasury Department. The restrictions, along with aggressive sanctions on Russia’s oil ...