By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > EU to target Nord Stream and Russian oil cap in new sanctions package
News

EU to target Nord Stream and Russian oil cap in new sanctions package

News Room
Last updated: 2025/06/10 at 7:12 AM
By News Room
Share
2 Min Read
SHARE

Stay informed with free updates

Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.

The European Commission is to propose lowering the Russian oil price cap and banning the use of Nord Stream infrastructure as part of a fresh round of sanctions against Moscow.

The commission is due to present its 18th package of sanctions against Moscow later on Tuesday, as part of efforts to ratchet up pressure on Russia amid stalled peace negotiations with Ukraine.

According to three people familiar with the proposal, the package will include lowering the existing oil price cap from $60 to $45 per barrel, as well as banning the use of Russian energy infrastructure, including the two Nord Stream pipelines.

The people said the proposal would also include the listing of additional Russian banks and shadow fleet vessels.

It would also include safeguards to help protect Belgium, where €190bn in Russian central bank assets have been immobilised by existing sanctions, from lawsuits from Moscow under a bilateral investment treaty between the two countries.

The package now needs to be discussed by EU member states, who must adopt it with unanimous support.

Slovakia and Hungary have previously indicated they could oppose additional sanctions, potentially complicating negotiations.

Two of the people said they were optimistic about finding agreement on the package before the end of July, having managed to convince Hungary to drop its opposition to previous packages.

This is a developing story

Read the full article here

News Room June 10, 2025 June 10, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Stocks slide amid Israel-Iran conflict, President Trump calls for Iran to make a deal

Watch full video on YouTube

Why It Feels Like Every Company Suddenly Wants To Sell You Protein

Watch full video on YouTube

Stocks drop and oil surges following Israel’s attack on Iran, black box found from Air India crash

Watch full video on YouTube

We Went To Canada To See The U.S. Product Boycotts — And What We Found Was Striking

Watch full video on YouTube

Stocks fall on Middle East tensions, Tesla registrations drop, Trump prepares for G7 summit

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Client Challenge

By News Room
News

Donald Trump’s escalating attacks on Federal Reserve unnerve investors

By News Room
News

Spain overtakes Germany as top EU asylum destination

By News Room
News

Brussels stalls probe into Elon Musk’s X amid US trade talks

By News Room
News

The fight to revive Europe’s shrinking rural areas

By News Room
News

Should China adopt a zero interest rate?

By News Room
News

China’s Belt and Road investment and construction activity hits record

By News Room
News

Von der Leyen botches €2tn EU budget proposal with chaotic infighting

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?