France on Friday asked the European Union to suspend "indefinitely" landmark new rules on environmental and human rights supply chain standards, saying they were too burdensome for businesses.

PARIS/BRUSSELS — France is pushing to delay EU rules requiring companies to report on their environmental footprint and exposure to climate risk and to check that their suppliers comply with environmental and forced labor rules.

Bankers and regulators expect the European Union to further delay stricter capital standards for lenders’ trading businesses over uncertainty related to whether the US will implement the rules.