EU members fail to agree on price cap for Russian oil

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Member states of the European Union have failed to reach an agreement on a proposed price cap for Russian sea-borne oil, planning to keep negotiating about the matter.

Representatives of the bloc’s 27 governments failed to agree on a Group of Seven (G7) proposal to set the price ceiling in the range of $65-$70 per barrel during talks in the Belgian capital of Brussels on Wednesday.









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