EU Sanctions: Nord Stream & Russian Oil Cap
- The European Commission is set to propose a fresh round of sanctions against Russia, targeting the oil price cap and Nord Stream infrastructure.
- The 18th package of sanctions is expected to be presented Tuesday.
- The package may also list additional Russian banks and shadow fleet vessels. Safeguards are being considered to protect Belgium, where €190 billion in Russian central bank assets are...
The EU is poised to dramatically tighten sanctions against Russia. News sources report the European Commission plans to introduce a new round of measures, centered on considerably lowering the Russian oil price cap to $45 per barrel and banning the use of Nord Stream pipelines. This move, part of the 18th sanctions package, signals the EU’s determination to escalate pressure on Moscow, especially as Ukraine peace talks remain at a standstill. The proposal, facing potential hurdles from member states like Slovakia and hungary, also considers including additional Russian banks and shadow fleet vessels. News Directory 3’s coverage highlights the Commission’s strategy. With EU member states needing to unanimously approve, this new set of measures will reshape the energy landscape.Discover what’s next for these critical negotiations.
EU Considers New Russia Sanctions, Lowering Oil Price Cap
Updated June 10, 2025
The European Commission is set to propose a fresh round of sanctions against Russia, targeting the oil price cap and Nord Stream infrastructure. The proposed measures aim to intensify pressure on Moscow as peace negotiations with Ukraine remain stalled.
The 18th package of sanctions is expected to be presented Tuesday. Sources familiar with the proposal said it includes lowering the existing oil price cap from $60 to $45 per barrel and prohibiting the use of russian energy infrastructure,including the Nord Stream pipelines.
The package may also list additional Russian banks and shadow fleet vessels. Safeguards are being considered to protect Belgium, where €190 billion in Russian central bank assets are immobilized, from potential lawsuits by Moscow under a bilateral investment treaty.
EU member states must unanimously approve the package. Slovakia and Hungary have previously voiced opposition to additional sanctions, which could complicate negotiations. However, sources expressed optimism that an agreement can be reached before the end of July, citing triumphant efforts to address Hungary’s previous concerns.
What’s next
EU member states will now discuss the proposed sanctions package, seeking unanimous approval to implement the new measures against Russia.