The ridiculous reality of the Russian oil price cap debate in a single image

The ridiculous reality of the Russian oil price cap debate in a single image

EU blocks talks on price level of Russian oil cap project

Bloomberg Reports EU Talks Stall on Price Level for Proposed Russian Oil Cap

The EU’s executive arm proposed a level of $65 a barrel, which Poland and the Baltics rejected as being too generous to Moscow, the people said. But several countries with major maritime industries, including Greece, are unwilling to dip below $70, the top of the range the EU proposed earlier on Wednesday.

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