Monday, November 28, 2022

EU countries hold up agreement on G7 Russian oil price cap

European Union ambassadors are resuming talks to agree details of a price cap on Russian oil exports. 


The G7 group of wealthy democracies announced plans for a price cap earlier this year, but disagreement in Brussels has been holding up implementation.


Under the plans, G7 nations would ban the provision of insurance and other services needed for seaborne shipments of Russian oil unless it is sold at or below the price agreed.


Rosie Birchard reports from Brussels. 


In: The goal of
Out: RB, Brussels
Duration: 00:44