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Reuters
Reuters
Business
By Gabriela Baczynska and John Chalmers

EU eyes oil price cap, more high-tech export curbs in new Russia sanctions

FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman

The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals, diplomats said on Thursday, in response to what the West condemned as a new escalation in Moscow's war in Ukraine.

The 27-nation EU was spurred into action by President Vladimir Putin's nuclear rhetoric on Wednesday, announcement of a partial mobilisation for the war and support for plans to effectively annex parts of east Ukraine.

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