As Negotiations Fracture, EU Postpones Talks On Russian Oil Price Cap To Monday | ZeroHedge
Although today was the deadline for EU diplomats to determine the specifics of the Russian oil price cap, we pointed out earlier just how "great" discussions were going with Poland rejecting a proposed cap of $65 per barrel as being too soft, while Greece refusing to consider anything below $70. EU oil price cap discussions going great: Poland rejected proposed price of $65 per barrel as being too soft, while Greece doesn’t want to go below $70. Meanwhile, amid the growing discord, in typical European fashion - where nobody has even looked at the math ahead of time - the entire concept of a price cap was clearly meaningless as explained in "The Ridiculous Reality Of The Russian Oil Price Cap Debate In One Picture." Which is why it wasn't at all surprising that on Friday, European Union diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states objected to a proposal they consider too generous to Moscow. Confirming none planned over weekend. Nonetheless a v
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### Response: Although today was the deadline for EU diplomats to determine the specifics of the Russian oil price cap, we pointed out earlier just how "great" discussions were going with Poland rejecting a proposed cap of $65 per barrel as being too soft, while Greece refusing to consider anything below $70. EU oil price cap discussions going great: Poland rejected proposed price of $65 per barrel as being too soft, while Greece doesn’t want to go below $70. Meanwhile, amid the growing discord, in typical European fashion - where nobody has even looked at the math ahead of time - the entire concept of a price cap was clearly meaningless as explained in "The Ridiculous Reality Of The Russian Oil Price Cap Debate In One Picture." Which is why it wasn't at all surprising that on Friday, European Union diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states objected to a proposal they consider too generous to Moscow. Confirming none planned over weekend. Nonetheless a v