{"id":1039,"date":"2025-06-10T16:06:07","date_gmt":"2025-06-10T16:06:07","guid":{"rendered":"https:\/\/marinemalawi.com\/?p=1039"},"modified":"2025-06-20T11:00:34","modified_gmt":"2025-06-20T11:00:34","slug":"eu-to-sanction-nord-stream-2","status":"publish","type":"post","link":"https:\/\/marinemalawi.com\/index.php\/2025\/06\/10\/eu-to-sanction-nord-stream-2\/","title":{"rendered":"EU to sanction Nord Stream"},"content":{"rendered":"
Brussels has suggested a complete transaction ban on the two pipelines as well as lowering the oil price cap on Moscow<\/strong><\/p>\n The European Commission has proposed a ban on the use of Nord Stream gas infrastructure and a reduction of the price cap on Russian oil in its 18th sanctions package against Moscow, EC President Ursula von der Leyen announced on Tuesday.<\/p>\n \u201cNo EU operator will be able to engage directly or indirectly in any transaction regarding the Nord Stream pipelines. There is no return to the past,\u201d<\/em> she stated.<\/p>\n Both pipelines were severely damaged in a series of underwater explosions in the Baltic Sea in September 2022. Since the sabotage, the pipelines have been out of service.<\/p>\n The commission also intends to lower the price cap on Russian crude oil exports from the current $60 per barrel to $45. The cap, which was introduced in December 2022 by the G7, EU, and Australia, aimed to curb Russia\u2019s oil revenue while maintaining global supply.\u00a0<\/p>\n The new sanctions package also proposes a ban on the import of all refined goods based on Russian crude oil and sanctions on 77 vessels that are allegedly part of Russia\u2019s so-called \u2018shadow fleet\u2019, which Brussels claims is used to circumvent oil trade restrictions.<\/p>\n