U.S. Floats Tariff on Russian Oil as EU Oil-Sanction Talks Drag On

BRUSSELS — The United States is discussing with the European Union ways to limit the increase in global energy prices that could be caused by the EU-proposed Russian oil embargo, considering additional options such as placing tax on imports of Russian oil, according to US Treasury officials.

Minister of the Treasury Janet Yellenwho is in Brussels on Tuesday ahead of the Group of Seven finance ministers’ meeting in Germany this week, has previously said that the proposed EU embargo on Russian oil could significantly increase global oil prices.

https://www.wsj.com/articles/u-s-floats-tariff-on-russian-oil-as-eu-oil-sanction-talks-drag-on-11652803552?mod=pls_whats_news_us_business_f U.S. Floats Tariff on Russian Oil as EU Oil-Sanction Talks Drag On

Edmund DeMarche

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