The European Union is close to freezing plans to complete the $50bn (£30bn) South Stream gas pipeline through the Black Sea from Russia, the first serious EU action to punish the Kremlin for the seizure of Crimea.
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/10750840/Russias-South-Stream-pipeline-in-deep-freeze-as-EU-tightens-sanctions-noose.html