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US imposes sanctions on 2 Indian firms over Russian LNG transport
The US sanctioned over 150 individuals and entities, including Skyhart Management Services and Avision Shipping Services, and blocked 183 vessels for transporting liquefied natural gas from Russia's Arctic LNG 2 project.
U.S. Department of State / Facebook-U.S. Department of State
The US government on Jan. 10 increased its efforts to disrupt Russia's war financing by imposing sanctions on two Indian ship management companies—Skyhart Management Services Private Limited and Avision Shipping Services Private Limited.
These companies were allegedly found to be involved in transporting liquefied natural gas (LNG) from Russia’s Arctic LNG 2 project, a crucial energy initiative led by the Russian company Novatek.
The Arctic LNG 2 project, located in the Arctic region, is a key component of Russia’s natural gas exports, which fund the country’s military activities, particularly its ongoing war in Ukraine. The US claims that these Indian companies violated sanctions designed to restrict trade with Russian energy projects, which are a significant source of revenue for the Kremlin’s war efforts.
As part of broader actions to target Russia’s energy revenues, the U.S. Treasury Department sanctioned over 150 individuals and entities, while also blocking 183 vessels, including those linked to Skyhart and Avision. The U.S. State Department specifically identified two ships—Pravasi and Onyx—operated by Avision, which were allegedly involved in transporting LNG from the Arctic LNG 2 project.
Secretary of the Treasury Janet L. Yellen explained that the U.S. is taking “sweeping action against Russia’s key source of revenue for funding its brutal and illegal war against Ukraine.”
She emphasized that these sanctions are a continuation of the U.S. strategy to disrupt Russia’s energy revenues, building on previous measures such as the G7+ price cap introduced in 2022. Yellen also noted that the new sanctions are meant to increase the risks associated with Russia’s oil trade, including shipping and financial support for Russian energy exports.
The U.S. State Department is also intensifying its efforts to reduce Russia’s energy revenue by blocking two active LNG projects and a major Russian oil project. In addition, several third-country entities supporting Russia’s energy exports, along with key figures from Russia’s State Atomic Energy Corporation Rosatom, have been designated for sanctions.
These sanctions are part of Executive Order 14024, which allows the U.S. to target foreign entities involved in harmful activities related to the Russian government. The U.S. government has pledged to continue using all available tools to disrupt Russia’s military-industrial base and its ability to exploit the international financial system for its war efforts.
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