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Market Chatter: European Union Explores Options to Advance Russia Sanctions

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The European Union is weighing several options to break a deadlock over its latest sanctions package against Russia after opposition from Greece stalled the proposal last week, Bloomberg reported Monday, citing people familiar with the matter.

Greece objected to proposed curbs on European companies transferring Russian liquefied natural gas to third countries, according to the report.

Officials are discussing a 24-month transition before restrictions on Russian liquefied natural gas transfers take effect, removing the measure altogether or abandoning the package entirely, the sources said. They added the bloc could still extend the existing price cap while negotiations continue.

An EU spokesperson declined to comment on sanctions discussions in response to' request.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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