The ridiculous reality of the Russian oil price cap debate in one image – Mish Talk

EU talks stall over price level of proposed Russian oil cap

Bloomberg Reports EU Talks Stalled Over Price Level Of Proposed Russian Oil Cap

The EU’s executive arm proposed a level of $65 a barrel, which Poland and the Baltic nations rejected for 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 high end of the range proposed by the EU on Wednesday.

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