[Mariner]

In June all these countries agreed and announced they would not buy ANY Russian oil after Dec 5th.

Now they say they won't pay above $60.

Russia says they will not sell at that price.

Russia will win this one.

[Kazan]

Europe will be the big losers in this idiotic scheme.

The Russians will continue to sell their oil to India and China, who will sell it back to Europe at a much higher price.

[iontheball]

This back and forth gets crazier every day. What in the world are those who don’t have the oil thinking that they are in any kind of position to set caps on this essential product. If this isn’t the essence of crazy, I don’t know what it is.

[for-q-clinton]

How stupid can the west be? Seriously? Price controls of sorts...yep don’t sell it if you can’t make the money you want/need. Save it for later or sell it elsewhere.

[Paul R.]

Kremlin spokesman Dmitry Peskov said Russia needed to analyze the situation before deciding on a specific response but that it would not accept the price ceiling

HUH? This has been coming for months. No way Russia has not already analyzed the situation.