"There Is Growing Annoyance With The Polish Position": EU Fails To Agree On Russian Oil Price Cap As Full Ban Looms | ZeroHedge
In its relentless pursuit of virtue-signaling hills that it is willing to die on within minutes, several months ago the EU had a brilliant idea: let's implement a toothless oil price cap on Russian oil exports, one which actually has zero impact on deeply discounted Russian oil and thus doesn't lead to any more European energy shocks, but because of the optics and the much "lower" permitted transaction price, it will make for great headlines and show the world just how powerful the EU is. Well, the plan almost worked... until Poland the Baltics forgot to read the fine print, thought that Europe actually does mean business, and blew up the deal. Recall on Friday, negotiations on the Russian oil price cap were suspended - despite a willingness by most European nations to just cross the checkmark and move on - as Poland and the Baltic states objected to a proposed ceiling of $65. There was some hope that this opposition was just for show, and that come Monday the Poles would relent after 
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### Response: In its relentless pursuit of virtue-signaling hills that it is willing to die on within minutes, several months ago the EU had a brilliant idea: let's implement a toothless oil price cap on Russian oil exports, one which actually has zero impact on deeply discounted Russian oil and thus doesn't lead to any more European energy shocks, but because of the optics and the much "lower" permitted transaction price, it will make for great headlines and show the world just how powerful the EU is. Well, the plan almost worked... until Poland the Baltics forgot to read the fine print, thought that Europe actually does mean business, and blew up the deal. Recall on Friday, negotiations on the Russian oil price cap were suspended - despite a willingness by most European nations to just cross the checkmark and move on - as Poland and the Baltic states objected to a proposed ceiling of $65. There was some hope that this opposition was just for show, and that come Monday the Poles would relent after 