People familiar with the matter said that the new plans currently being discussed include setting a 24-month transition period before the relevant restrictions take effect, completely lifting the restrictions, or directly abandoning the entire sanctions package. People familiar with the matter added that the EU has also previously studied allowing existing contracts to be renewed as a possible compromise. The freeze on the Russian oil price cap may be extended even if other proposals are not agreed upon by consensus.

People familiar with the matter said that the new plans currently being discussed include setting a 24-month transition period before the relevant restrictions take effect, completely lifting the restrictions, or directly abandoning the entire sanctions package. People familiar with the matter added that the EU has also previously studied allowing existing contracts to be renewed as a possible compromise. The freeze on the Russian oil price cap may be extended even if other proposals are not agreed upon by consensus.