European Union ambassadors failed again to agree on the 21st sanctions package against Russia on Wednesday after Coreper II postponed discussions until Thursday morning, following weeks of divisions over measures including Russian LNG restrictions.
The delay threatens to trigger an automatic reversal of the Russian oil price cap from $44 to $58 per barrel when current measures expire Thursday. Greece continues to challenge language affecting its shipping industry, while technical discussions remained underway Wednesday afternoon.
Meanwhile, Ukrainian President Volodymyr Zelensky spoke with Trump envoys Steve Witkoff and Jared Kushner on Tuesday, and the EU's 27 member states approved British participation in a European loan to Ukraine. U.S. manufacturer ReconCraft announced it will begin producing Ukrainian Magura naval drones at facilities in Oregon and South Carolina.