G20 finance ministers fail to reach an agreement to cap the price of Russian oil.

Finance ministers from the Group of 20 industrialized nations ended their meeting in Indonesia on Saturday without an agreement on a U.S. proposal to cap the price of Russian oil.

The leaders of the Group of 7 nations had agreed last month in principle to consider the plan to tamp down global oil prices by imposing a discount on Russian oil, but the details of how such a mechanism would work remains unclear. Read more

@nytimes