EU Talks on G-7’s Price Cap for Russian Oil Stall but Deal Still Seen Likely

The European Union has delayed talks on approving a price cap on Russian oil until at least Monday

An oil refinery in Sicily, owned by Russia’s second largest oil and gas giant Lukoil, acts as a pass-through for Russian crude, which ultimately makes its way to the U.S. as gasoline and other refined oil products. Photo Illustration: Laura Kammermannapproving a price cap on Russian oil

until at least Monday amid differences among the 27 member states, although diplomats said they were still confident a deal could be struck in the coming days. EU governments have clashed over the price level to set the cap at and some of the other details of the Group of Seven nations mechanism, which is intended

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