EU to set aside Russian oil cap plan – Bloomberg ...News

Economy by : (Russia Today) -
The 27 member states are reportedly divided over the proposed measure European Union nations are struggling to reach an agreement on imposing a price ceiling on Russian oil and will likely push back the idea until after a broader sanctions package has been agreed, Bloomberg is reporting on Monday. According to the media outlet, citing sources familiar with the ongoing talks, Cyprus and Hungary are among the countries that have expressed opposition to the oil-price cap proposal. Meanwhile, EU sanctions require bloc unanimity, giving each nation an effective veto. Sources told Bloomberg that the European Commission

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