Skip to content

EU Postpones Talks on Oil Price Cap as Divisions Stick

  • Poland, Baltics say proposal is too generous to Moscow
  • G7 plan aims to keep Russian oil flowing while curbing revenue
Bloomberg business news
EU Postpones Oil Price Cap Talks Until Next Week
Updated on

European Union diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states objected to a proposal they consider too generous to Moscow.

Diplomats had expected a deal to be done on Friday night but positions remained entrenched and the talks were postponed to Monday, according to people familiar with the matter.