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

EU talks stall on price level for proposed Russian oil ceiling

Bloomberg reports that EU talks have stalled over price level for proposed Russian oil cap

The EU executive proposed a level of $65 a barrel, which Poland and the Baltics rejected as too generous for Moscow, the people said. But several countries with major shipping industries, including Greece, don’t want to go below $70, the top end of the range the EU put forward earlier Wednesday.

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