“As Putin’s aggression intensifies, we are stepping up our response. The UK will continue to strip away the funding that fuels his war machine. We will hold to account all those enabling his illegal invasion of Ukraine,” she continued.
With the Trump Administration seemingly having little interest in placing further sanctions on Russia’s Arctic energy projects, the UK is now at the forefront of trying to curtail Russia’s revenues from energy sales.
While the Biden Administration announced measures against Arctic LNG 2 in quick succession throughout 2023 and 2024, there has been no action by the current White House since coming into office in January 2025.
Sanctions against Chinese terminal
The UK sanctions package also includes a Chinese terminal, Beihai, which began importing supercooled gas from the Arctic LNG 2 project last month. Russia’s flagship project had been unable to find any buyers for more than a year.
With the imports the Beihai facility in south China extended a critical lifeline to Arctic LNG 2.