US rejects calls to lower Russian oil price cap – Politico ...News

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US rejects calls to lower Russian oil price cap – Politico
Washington is reportedly pushing for the ceiling to stay at $60 per barrel The US has opposed calls by some EU member states to lower the price cap on Russian crude oil in order to reduce Moscow’s revenues, Politico reported on Wednesday, citing sources. According to the outlet, Poland and the Baltic states have been pressing for a review of the price ceiling, something that was supposed to happen in March. The European Union agreed to review the limit every two months, starting in mid-January, with the aim of keeping the threshold at least 5% below the average market price. “The US doesn’t want to do it. Estonia,

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