> EU is basically paying a premium in order to stake a claim to moral high ground they don't hold
Not really, EU is paying a market rate just like the rest of the world. It's just that a big part of the profit which would normally go to Russia now goes to middlemen.
The price cap was designed to reduce Russian profits without reducing Russian oil exports..
Not really, EU is paying a market rate just like the rest of the world. It's just that a big part of the profit which would normally go to Russia now goes to middlemen.
The price cap was designed to reduce Russian profits without reducing Russian oil exports..