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    Home > Chemicals Industry > Petrochemical News > The G7 invited China to participate in the sanctions against Russian Oil, and our Foreign Ministry made it clear and opposed the Western First Army

    The G7 invited China to participate in the sanctions against Russian Oil, and our Foreign Ministry made it clear and opposed the Western First Army

    • Last Update: 2022-10-18
    • Source: Internet
    • Author: User
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    According to reports, at the regular press conference of the Ministry of Foreign Affairs, a reporter asked: "The G7 finance ministers' meeting reached an agreement to impose a price limit on Russian crude oil, will China join the G7 to limit the price of Russian crude oil?" Chinese Foreign Ministry spokesman Mao Ning categorically responded that crude oil is a global commodity and plays a vital role
    in ensuring global energy stability.
    China suggests that relevant countries use constructive dialogue to ease the situation instead of adding fuel to the fire
    .

    China's Foreign Ministry statement has clearly stated China's attitude of refusing to engage in political manipulation of the global crude oil market with the G7, and at the same time opposing the Western army
    .
    Prior to this, after the G7 said that it would impose price limit sanctions on Russian crude oil, EU energy commissioner Shimson invited China to participate in it and threatened to "let Russia get 'excess profits', which is unfair.
    "

    From this point of view, the significance of China and other global countries opposing the monopoly of global bulk product pricing power by the United States and the West is beyond the event of "the United States and the West to limit the price of
    Russian crude oil".
    If the United States and the West successfully implement the price limit on Russian crude oil, it will set an extremely dangerous precedent, that is, individual countries or groups of countries will use political manipulation to fully control
    the main export path of a country.
    Coercion in the form of choking the lifeblood of the country's economy to achieve its own purpose of
    plunder.

    If the U.
    S.
    -West scheme is realized, Russia will be the first victim, and the U.
    S.
    -West model of plunder will quickly cover all energy countries except Russia and the producer countries
    represented by China.
    This precedent cannot be set and the pricing power of global commodities, including oil and natural gas, cannot be monopolized
    by a small number of Western countries.
    Russia has also responded reciprocally to the conspiracy of the United States and the West
    .
    After the G7 finance ministers announced that they would impose price limits on Russian crude oil, Russia immediately announced the gradual interruption of the Nord Stream 1 natural gas pipeline's export share
    to Europe.

    The Nord Stream 1 gas pipeline is the main route of the Russian-European gas trade and carries the main share
    of Russia's natural gas exports to Europe.
    Prior to this, the United States and Britain provoked dissension under Russia and Europe, which had already entered the initial ventilation process of the Nord Stream 2 natural gas pipeline was interrupted, and if the Nord Stream 1 was fully frozen, it would be equivalent to Europe directly losing the main market source of
    imported natural gas.
    Russia's vacated market share European countries can be replenished from the United States, Africa, and the Middle East countries, but there are two major problems during this period, one is the problem of transportation pipelines, which is mainly the problem faced by Middle Eastern countries for European gas transmission, but the military presence of the United States stirs up turmoil in the Middle East, and it is extremely
    difficult to steadily transport pipeline natural gas from the Middle East to Europe in this context.
    This problem also exists in the process of transporting natural gas from African countries to Europe, compared with Middle Eastern countries, African natural gas transmission to Europe requires both cross-crossing the Mediterranean Sea to build submarine pipelines and may also need to cross the borders
    of African countries.
    This makes Africa's natural gas exports to Europe exist on the PPT, but it is difficult to implement it into reality
    .

    In terms of the export of seaborne natural gas to Europe, the construction of liquefied natural gas ports is huge and time-consuming, and it is difficult to achieve pipeline natural gas from Africa and the Middle East to Europe in the short term, and the transmission of liquefied natural gas to Europe in these two regions is even more fantastic
    in the short term.
    However, the natural gas crisis brought about by Germany, France and other European countries for the United States to break with Russia is an urgent need
    in Europe.
    The essence of Europe's energy lifeline has been taken into the hands of the United States, and the process
    of plundering Europe has been launched with this.
    In this context, China's call for "not to cause the situation to deteriorate and escalate" and "to resolve the issue through dialogue and easing the situation through consultation" is precisely the proper direction
    for resolving the contradictions between Russia and Europe.

    If European countries continue to participate in the similar intensification of the "price limit on Russian crude oil", the result will inevitably be the further exacerbation
    of their own energy difficulties.

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