The proposed $65-$70 per barrel limit has been called “too generous” for Moscow by Poland and the Baltic states A price cap on Russian oil proposed by the European Commission is too high and may be blocked by Estonia, Minister of Foreign Affairs Urmas Reinsalu said on Thursday, as quoted by Estonian Public Broadcasting (ERR). The proposal by Brussels to set a limit of between $65 and $70 per barrel on Russian sea-borne oil is insufficient, he stated, arguing that Moscow would make too much revenue at that price. “Estonia finds that the price horizon’s ambition is too low, considering that the EU has also failed
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