European Union member states were nearing consensus on the level of the bloc’s price cap for Russian crude oil exports, centered on the $60-barrel mark.
It was their latest attempt to reach a deal before the December 5 deadline for tougher EU sanctions to come into force.
A mechanism was also discussed to allow regular bi-monthly assessments and possible revisions from mid-January 2023. Bloomberg reported.
Any future price cap revisions should also result in…
