Published by Global Banking & Finance Review®
Posted on June 10, 2025
1 min readLast updated: January 23, 2026
The EU plans to impose new sanctions on Russia, including lowering the oil price cap and banning Nord Stream use, to increase pressure on Moscow.
(Reuters) -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 Financial Times reported on Tuesday.
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 report said citing three people familiar with the proposal.
Reuters could not immediately confirm the report.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Sharon Singleton)
The European Commission plans to lower the existing oil price cap from $60 to $45 per barrel.
The sanctions will ban the use of Russian energy infrastructure, specifically targeting the two Nord Stream pipelines.
The details of the new sanctions were reported by the Financial Times, but Reuters could not immediately confirm the report.
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