Video Period 25 minutes 00 seconds
EU power ministers fail but once more to agree on a value cap on Russian fuel to punish Moscow.
A fifth emergency assembly of European Union power ministers has resulted in a impasse, with members divided on a value cap for Russian fuel.
The bloc needs to punish Moscow by paying much less for its fuel, whereas defending customers from costs which have soared for the reason that Ukraine battle started.
The break up is between these wanting robust measures and people fearing that too low a cap may have an effect on provides.
That might occur if producers promote to different markets as a substitute of the EU as larger charges are on supply elsewhere.
The ministers are hoping to succeed in a compromise at one other spherical of talks subsequent week.
However can the deep divisions throughout the EU be overcome?
Presenter: Adrian Finighan
Company:
Cornelia Meyer – CEO of Meyer Sources
Chris Weafer – CEO at Macro-Advisory, a strategic consultancy
Wojciech Przybylski – Editor-in-chief at Visegrad Perception