They just can’t calm down: Europe targets Russian oil and the 'Nord Streams' again

2025/05/17, 19:47
The European Union authorities are discussing the possibility of revising the price cap on Russian oil downward.

This was announced by European Commission President Ursula von der Leyen as she unveiled a new sanctions package aimed at increasing pressure on Russia's economy.

«The EU is developing new sanctions 'to put pressure on Russia,' which will include ... lowering the so-called 'price ceiling' on Russian oil», she stated (quote via RIA Novosti).

In addition to lowering the oil price cap, restrictions are planned against the «Nord Stream-1» and «Nord Stream-2» pipelines, as well as vessels used to circumvent sanctions, namely the Russian shadow fleet.

Earlier, EU foreign policy chief Kaja Kallas spoke about the need to develop a strategy for EU countries to abandon Russian energy resources. It was also proposed to create a roadmap for allied countries to self-impose bans on purchasing energy resources from Russia.

Furthermore, the 18th sanctions package is expected to target around two hundred vessels and more than thirty companies accused of assisting Russia in bypassing existing restrictions. The so-called «shadow fleet,» which ensures energy supply deliveries, will be in the crosshairs. Additionally, 26 individuals deemed responsible for «destabilizing the situation» in Ukraine may be added to the sanctions list.

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