EU states fail to agree on Russian oil price cap ...News

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EU states fail to agree on Russian oil price cap
Poland reportedly considered the currently proposed ceiling insufficiently punitive EU governments have been unable to agree on a proposed price cap for seaborne Russian crude oil as of Monday, diplomats told Reuters. Poland and some Baltic states have reportedly demanded that the $65-70 figure proposed by the G7 countries be lower still, in order to hamper Russia’s ability to finance its military operation in Ukraine. Warsaw insists the proposed cap will not have the desired effect on Moscow, pointing out that the country’s oil is currently trading somewhere between $52 and $63.50 per barrel. Along with Lithuania

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