EU Closes In on $60 Cap for Russian Oil as Poles Hold Out
- Poland demanding a new sanctions package linked to cap
- Countries aim to finalize before oil sanctions kick in Monday
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The European Union is closing in on a deal to cap the price of Russian crude oil at $60 a barrel, their latest attempt to clinch an agreement before a Monday deadline, according to people familiar with the matter.
But Poland continues to push to harden the sanctions package before signing off on the price cap, and talks will continue Friday, the people said. Warsaw wants new sanctions linked to the cap plan.