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outside Europe.
All Yamal partners provide financial resources to Novatek and support its plans for further export expansion, including the construction of Arctic LNG 2.
The US, which exports LNG, has imposed tough sanctions on Russian LNG last year in December. Europe, which imports Russian LNG, has not imposed any sanctions.
Since December maintaining purchases of Russian gas from the Arctic LNG 2 terminal on the spot market, as well as providing any services to Russian LNG tankers, will be a direct violation of US sanctions.
9.1.2 Automotive sector news
Sales of new cars, light commercial vehicles, trucks and buses in Russia soared by 64% in January-February 2024 year-on-year to 221,300 units, the Industry and Trade Ministry said.
"As of the end of January-February 2024, 221,261 new automobiles (up to three years) were sold on the territory of the Russian Federation, up by 64 year-on-year (134,859 units). The market of new domestically produced automobiles was over 95,000, which is 23% higher than indicators in January - February 2023," the ministry said.
Sales of new passenger cars rose by 73% annually to 183,322 units, while sales of light commercial vehicles increased by 63% to 17,300 units. The market in the segments of trucks and buses climbed by 16% to 17,400 units and by 5% to 3,200 units, respectively.
"The market of new electric vehicles totaled 3,699 units (+269% against the like period in 2023 - 1,003 units). The share of the ones produced in the Russian Federation stood at 22%. The share of such electric vehicles totaled 22% in the market in 2023," the ministry added.
138 RUSSIA Country Report April 2024 www.intellinews.com