EU Extends Oil Price Cap Talks as Russia Hints View May Ease
- Some countries say $65 proposal too generous to Moscow
- Negotiations between EU ambassadors delayed beyond Thursday
Oil pumping jacks in Sokolovka, Russia.
Photographer: Andrey Rudakov/BloombergEuropean diplomats are locked in negotiations over how strict a price cap on Russian oil should be, revealing divisions in the bloc.
Poland rejected the EU’s executive arm’s proposed price of $65 per barrel as being too soft on Moscow. Greece, a massive player in the oil shipping industry, doesn’t want to go below $70.
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
Up Next
EU Extends Oil Price Cap Talks as Russia Hints View May Ease