A meeting of EU government representatives scheduled for late on November 25 to discuss a Group of Seven (G7) proposal to cap Russian seaborne oil prices was canceled, EU diplomats said. "There was not enough of a convergence of views," one diplomat said. A day earlier, EU governments were split on the level at which to cap Russian oil prices to curb Moscow's ability to pay for its war in Ukraine without causing a global oil supply shock. The cap is to enter into force on December 5. To read the original story by Reuters, click here.
EU Delays Talks On Russian Oil Price Cap Until Next Week
A man works at PKN Orlen's main oil refinery in Plock, Poland.