EU prepares sanctions against Nord Stream gas pipelines

Brussels, May 16 (Prensa Latina) The European Union (EU) is preparing a new package of sanctions against Russia, which will include restrictions to the Nord Stream 1 and Nord Stream 2 gas pipelines, informed the head of the European Commission (EC), Ursula von der Leyen.

May 16, 2025
10:22

According to the official, the new sanctions package will include a reduction of the so-called price cap on Russian oil prices, which will entail additional restrictions against that country’s financial sector.

On May 14, EU ambassadors agreed on the 17th package of sanctions against the Russian Federation.

The penalties must now be approved by EU foreign ministers, which is expected to happen on May 20.

According to Von der Leyen, the latest EU sanctions package against Russia includes measures against 189 oil companies.

Later, Finnish Foreign Minister Elina Valtonen indicated that the community would immediately start developing the next, the eighteenth, sanctions plan against Russia.

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