Price caps on Russian fuels could range from $45 to $100 with EU diplomats set to begin negotiations, report says
The European Union is weighing various price caps on refined Russian oil products that will coincide with a new embargo due to take effect in a week and a half.
EU officials are considering a cap of $100 per barrel for Russian diesel and a cap of $45 a barrel for Russian fuel oil,EU diplomats will meet Friday to begin negotiations, the report said. Member countries must unanimously agree on a price point for the cap, which the G7 will ultimately need to approve too.
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