Russia and China Defy U.S. Sanctions with New LNG Shipments
Market Intelligence Analysis
AI-PoweredRussia and China have defied US sanctions by receiving a shipment of LNG from a sanctioned Russian export project on a blacklisted vessel, highlighting the effectiveness of US sanctions in question.
Market impact analysis based on bearish sentiment with 63% confidence.
Article Context
China has just welcomed the first shipment from a Russian LNG export project on the Baltic Sea sanctioned by the U.S. on a U.S.-blacklisted vessel, as Russia and China continue to flaunt Western sanctions on their LNG trade. The LNG tanker Valera, sanctioned by the United States, docked at the Chinese LNG import terminal of Beihai on Monday, according to shipping data compiled by Bloomberg. In October, Valera loaded LNG from the Portovaya LNG small-scale export plant on the Baltic Sea, Gazprom’s only LNG export facility. Portovaya and…
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