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China Continues Russian Arctic LNG Imports Despite Sanctions
The sanctioned Russian Arctic LNG export facility continues to ship cargoes to China as the U.S.-sanctioned project did not incur additional sanctions in Wednesday’s U.S. package imposed “as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine.” While the U.S. slapped sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, and a number of their subsidiaries, it stopped short of imposing further sanctions on Arctic LNG, developed and operated by Russian energy firm…