Group of Seven negotiators agreed that discussions on a potential price cap on Russian oil had progressed enough to send the issue to leaders to discuss at a summit starting Sunday in Germany, according to people familiar with the matter.
The negotiators known as sherpas held what one official described as “intense” talks on the matter in the Bavarian Alps ahead of the summit.
While there are many issues still to be ironed out, they reached an understanding that leaders should have a formal discussion about a price cap, the person said, asking not to be identified discussing private matters.
