The European Union again on Friday could not reach an agreement on a price cap for Russian oil, with the bloc’s easternmost members, including Poland, Estonia, Latvia and Lithuania, arguing that the proposed $60-$70 a barrel for Russian crude is too generous and far above that the prices that Russia is currently selling crude oil.
European Commission Vice-President Valdis Dombrovskis has confirmed this, saying: “If you set the price cap too high, it doesn’t really bite. Oil is…
