The Biden administration has bolstered efforts to sign big oil importers on to a plan to cap prices they offer for Russian crude, concerned that without it the world faces a damaging surge in fuel costs.
Negotiations are under way between the US and China, India and other countries that have been buying up discounted oil from Russia after its invasion of Ukraine caused many European customers to turn away, US officials said.
The diplomatic efforts in Washington come as the UK and US prepare to join an EU ban on insurance and services for ships carrying Russian oil. The insurance ban, part of a bid to restrict energy export revenue that the Kremlin has used to fund its war, is due to fully take effect in December.
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