US Working On Setting Price Cap On Russian Oil
US sanctions have been bypassed as many European and Asian nations continue to import oil from Russia.
By Reuters
Published on July 29, 2022
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Highlights
The United States is holding "detailed discussions" with the European Union and United Kingdom to iron out specifics of a price cap on Russian oil, National Security Adviser Jake Sullivan said on Wednesday.
"That is not a process that will be completed in days. It will take time because of the number of elements that have to be worked through," Sullivan told reporters aboard Air Force 1 as President Joe Biden made his way to the Middle East.
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