Brussels is expected to delay full implementation of the measure and weaken some provisions EU leaders have reportedly softened their proposed legislation on imposing a price cap on Russian oil exports. Full implementation of the policy will now be delayed, and key shipping provisions weakened, Bloomberg reported on Wednesday, citing an internal document. EU ambassadors are set to meet on Wednesday, seeking to approve the measure after discussions with allies, two weeks before the price cap is scheduled to take effect. Brussels has reportedly proposed adding a 45-day transition period to the punitive measure. Und
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