Hawkish Estonia under pressure to accept higher cap on Russian oil price

Baltic state has held out against cap set at level it believes would have no impact on Putin’s war machine

Estonia is under pressure to abandon its threat to veto a US-advocated cap on the price of Russian oil exports that it believes is set too high to have an impact on the Russian war machine.

The level of the cap on the price of seaborne oil has been the subject of fraught negotiations within both the European Union and the G7 group of industrialised nations.

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