EU Countries Plan to Delay Russian Oil Price Cap Amid Divisions
- The 27 member states need to unanimously agree on sanctions
- Countries also discussing export restrictions on electronics
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European Union nations are struggling to reach an accord on imposing a price cap on Russian oil and will likely push back a deal on the issue until after a broader sanctions package has been agreed.
Cyprus and Hungary are among the countries that have expressed opposition to the oil cap proposal, according to people familiar with the ongoing talks. Sanctions in the EU require unanimity, giving each nation an effective veto.