Estonia Calls for EU to Halve the $60 Price Cap on Russian Oil
- Estonian Foreign Minister Reinsalu speaks in interview
- Tallinn pushes for precendent on confiscating Russian assets
Urmas Reinsalu
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
The European Union should halve the $60 price cap on Russian oil this month and further squeeze Moscow’s ability to fund the war in Ukraine, Estonia’s foreign minister said.
More than a year after the Kremlin launched its full-scale invasion of its neighbor, Estonia’s top diplomat said EU leaders should intensify sanctions on Russian banks and its nuclear power industry.