Some diplomats say that the cap should be lower than the G7 has proposed.

Talks to set a cap on the price of Russian oil long in the works by the United States and pro-Ukraine allies faced a setback Wednesday as a meeting of senior European Union diplomats over the exact price and other details ended without agreement.

The plan is close to being completed and must be in place before an E.U. embargo on Russian oil imports kicks in on Dec. 5. Read more

@nytimes