September 26, 2022 13:29 GMT
EU nations are reported to be struggling to reach an agreement on a Russian oil price cap and are likely to push back a deal on the issue.
- EU sanctions require unanimity. Cyprus and Hungary are among the nations that oppose the price cap.
- The EU push to impose a price cap on Russian oil aligns the bloc with a US effort to keep the cost of crude from soaring.
- It is unclear how effective a Russian oil price cap would be given its largest customers - China, India and Turkey – have shown little intent to join the pact.