U.S. Sanctions Law Puts Russia’s Arctic Yamal LNG Fleet in Crosshairs

A new U.S. sanctions law could put the specialized fleet that keeps Russia’s Yamal LNG project operating in the Arctic under unprecedented pressure, potentially forcing European shipping companies and service providers to confront unexpected sanctions exposure.

The Lindsey O. Graham Sanctioning Russia and Iran Act, signed into law by President Donald Trump on Friday, directs the president within 30 days to review potentially covered persons and, if he determines that a person meets the statutory criteria, impose sanctions on that person. Those criteria include a principal shareholder with a controlling or majority interest in the Yamal LNG project.

That provision directly