The country is calling for a long-term solution and says fuel-price cap will have little effect France risks losing some of its markets and may never get them back due to rocketing gas prices and the detrimental conditions for European production they create, the country’s Energy Minister Agnes Pannier-Runacher said on Thursday.

The proposed $65-$70 per barrel limit has been called “too generous” for Moscow by Poland and the Baltic states A price cap on Russian oil proposed by the European Commission is too high and may be blocked by Estonia, Minister of Foreign Affairs Urmas Reinsalu said on Thursday, as quoted by Estonian state broadcaster ERR.

Foreign Minister Peter Szijjarto says the measure is seen by many as a misguided intervention in the natural gas market EU nations have failed to reach an agreement on imposing a price ceiling on natural gas following a Council of Energy Ministers’ meeting, Hungarian Foreign Minister Peter Szijjarto said on Thursday.