;

Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Headlines > EU to target Nord Stream and Russian oil cap in new sanctions package, FT reports

Headlines

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

Published by Global Banking and Finance Review

Posted on June 10, 2025

Featured image for article about Headlines

(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)

More from Headlines

Explore more articles in the Headlines category

Thailand considers blocking fuel exports to Cambodia as border conflict escalates

Israeli Supreme Court rules against government's dismissal of attorney general

Hong Kong's last opposition party votes to disband under China pressure

Bystander who tackled armed man at Bondi Beach shooting hailed as hero

World reacts to deadly shooting at Australia's Bondi Beach

German far-right lawmaker calls for US-German nationalist alliance at MAGA gala

Russian ban on Roblox gaming platform sparks rare protest

Hamas says Israel's killing of senior commander threatens ceasefire

German authorities arrest five men suspected of planning Christmas market attack

Kremlin says NATO's Rutte is irresponsible to talk of war with Russia

Ukraine drops NATO goal as Trump envoy sees progress in peace talks

Gunmen kill 11 at Australia's Bondi Beach Jewish holiday event

View All Headlines Posts