BRUSSELS—The U.S. is talking with the European Union about ways to limit global energy price increases that could be caused by an EU-proposed embargo on Russian oil, looking at additional options like setting a tariff on imports of Russian oil, according to U.S. Treasury officials.
Treasury Secretary Janet Yellen, who is in Brussels Tuesday ahead of a meeting of finance ministers of the Group of Seven major economies in Germany this week, has previously said that the proposed EU embargo on Russian oil could significantly raise oil prices globally.
