The ridiculous reality of the Russian oil price ceiling debate in one picture – Mish Talk

EU talks stall on price level for proposed cap on Russian oil

Bloomberg reports that EU talks stall on the price level for the proposed Russian oil cap

The executive arm of the EU has proposed a $65-a-barrel level, which Poland and the Baltic nations have rejected because it was 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 limit of the range proposed by the EU on Wednesday.

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