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EU to Hit Nord Stream Pipelines in New Round of Sanctions

  • On 16 May in Brussels, the European Commission announced measures intended to discourage investment by targeting those managing the Nord Stream pipelines that transport Russian gas to Europe.
  • The sanctions follow Russia suspending gas deliveries and damage to the pipelines, aiming to eliminate future investment interest and pressure Russia amid the Ukraine conflict.
  • Both pipelines remain non-operational after parts blew up and incidents occurred, while the EU seeks to make these pipelines unattractive to investors.
  • The head of the European Commission announced that the EU is developing a new set of sanctions aimed at Russia, which will include additional limits on oil prices and enhanced financial restrictions.
  • The sanctions reflect the EU’s continued effort to increase economic pressure on Russia until progress occurs in diplomatic negotiations for peace.
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abc broke the news in Spain on Friday, May 16, 2025.
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