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

EU talks have stalled over a proposed price cap for Russian oil

Bloomberg reports that negotiations with the EU have stalled over a proposed price cap for Russian oil

The EU executive proposed a level of $65 a barrel, which Poland and the Baltic states rejected as too generous to Moscow, the people said. But several countries with large shipping industries, including Greece, are reluctant to drop below $70, the upper end of the range set by the EU earlier on Wednesday.

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