EU To Resume Talks On Russia’s Oil Price Cap

After failing to reach an agreement on a price cap for Russian gas, the EU is set to resume talks on limiting the price of Russian crude on Friday night.  And, just as was the case for natural gas, the bloc has so far failed to agree on how strict the price cap should be or how it should be implemented. Countries such as Poland are opposed to the EU executive arm’s proposal to set a $65 per barrel limit, saying it was too generous to Russia while others like Greece don’t want to go below that level. Indeed, Bloomberg has reported…