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/BloombergThis article is for subscribers only.
European 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.