EU to set aside Russian oil cap plan - Bloomberg
2 monthes ago - By RT
The 27 member states are reportedly divided over the proposed measure
European Union nations are struggling to reach an agreement on imposing a price ceiling on Russian oil and will likely push back the idea until after a broader sanctions package has been agreed, Bloomberg is reporting on Monday.
According to the media outlet, citing sources familiar with the ongoing talks, Cyprus and Hungary are among the countries that have expressed opposition to the oil-price cap proposal. Meanwhile, EU sanctions require bloc unanimity, giving each nation an effective veto.
Sources told Bloomberg that...
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The EU will likely delay a cap on Russian oil prices as the bloc struggles to reach an agreement, report says
2 monthes ago - By Business Insider
Russian President Vladimir Putin. AP
The EU will likely delay implementing a Russian oil price cap since the bloc can't come to a unanimous agreement, sources told Bloomberg.
Member countries Cyprus and Hungary are still opposed to the price cap, according to the report.
The G7 has been pushing for a price cap to coincide with the EU's ban on seaborne Russian oil imports that will take effect in December.
The European Union is likely to delay a cap on Russian oil prices as the 27-country bloc struggles to reach an agreement on the matter, according to a report from Bloomberg. Cyprus and...
Read more ...
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