Trump Team Weighs Ending Oil Price Cap If Russia Talks Progress
Any shift in US policy could have major ramifications for how Europe polices the trade.
Source: Bloomberg
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Advisers to President Donald Trump are sketching out potential Russia sanctions he could lift or tweak — including the oil price cap — if there’s progress in talks with Moscow on ending its war in Ukraine, according to people familiar with the matter.
The possible move would mark another dramatic policy divergence between Washington and its allies in London and Brussels, where officials have indicated they won’t prematurely lift sanctions against Russia imposed after its full-scale invasion, said the people, who requested anonymity as the discussions are private.