The Ridiculous Reality of the Russian Oil Price Cap Debate in One Picture – Mish Talk

EU Talks Stall Over Price Level for Proposed Russian Oil Cap

Bloomberg reports EU Talks Stall Over Price Level for Proposed Russian Oil Cap

The EU’s executive arm proposed a level of $65 a barrel, which Poland and the Baltic nations rejected as being too generous to Moscow, the people said. But several countries with major shipping industries, including Greece, do not want to go below $70, the upper end of the range put forward by the EU earlier Wednesday.

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