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


EU negotiations have stalled over the proposed Russian oil price level

Bloomberg reports that EU talks have stalled over the price level of a proposed Russian oil cap

The EU’s executive arm proposed a level of $65 per barrel, which Poland and the Baltic states rejected as too generous to Moscow. But several countries with key shipping industries, including Greece, are reluctant to drop below $70, the upper end of the range put forward by the EU on Wednesday.



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