EU Ambassadors Delay Russia Sanctions Again, Keep Oil Cap at $44.10 Until July 23
Updated
Updated · POLITICO Europe · Jul 15
EU Ambassadors Delay Russia Sanctions Again, Keep Oil Cap at $44.10 Until July 23
3 articles · Updated · POLITICO Europe · Jul 15
Summary
A third straight day of failed talks left EU countries without agreement on a new Russia sanctions package, pushing ambassadors to defer negotiations until July 22.
The deadlock forced the bloc to extend its existing cap on Russian crude at $44.10 a barrel for one more week, through July 23.
Two EU diplomats said Ireland, which holds the Council of the EU's rotating presidency, has scheduled the next ambassadors' meeting for July 22.
The delay keeps the EU's current oil restriction in place while member states try to bridge differences over the broader sanctions package.