Poland dropped its objections to $60 price point in exchange for a review mechanism The EU has agreed to cap the purchase price of seaborne oil from Russia at $60 a barrel, Polish ambassador to the bloc Andrzej Sados confirmed to Reuters, after several media reports cited anonymous sources to that effect on Friday. The deal was reached after Warsaw and the Baltic states dropped their demand for a lower cap in exchange for a review mechanism. The review and adjustment mechanism will keep the cap at 5% below the market price, CNBC reported previously, citing diplomats involved in the talks. The EU is expected to mak
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