Russia has imposed sanctions on 31 energy companies from the European Union, the United States and Singapore. The sanctions mainly affect Gazprom Germania, the former German division of the Russian state gas company Gazprom. The list of sanctions also includes EuRoPol, the owner of the Polish part of the Yamal gas pipeline, which transports Russian gas to Europe.
The sanctions ban Russian companies from doing business with blacklisted companies. The decree, signed by President Vladimir Putin, said they were also no longer obligated to fulfill their obligations to sanctioned companies.
Ships used by companies on the sanctions list are no longer allowed to enter Russian ports.
Germany took control of Gazprom Germania in April. Shortly before that, that company concluded an acquisition deal without informing the German gas network regulator, when it should have.
After the Russian invasion of Ukraine, Western countries have already imposed many sanctions against Russia. For example, foreign assets of the Central Bank of Russia were closed and transactions with many large banks from Russia were banned. The export of strategically important goods, such as semiconductors, to Russia is also prohibited.
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