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
EU Postpones Oil Price Cap Talks Until Next Week
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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.