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    Home > Chemicals Industry > Petrochemical News > The United States has decided to impose a price cap on Russian oil!

    The United States has decided to impose a price cap on Russian oil!

    • Last Update: 2023-02-14
    • Source: Internet
    • Author: User
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    Since the Russian-Ukrainian conflict, the United States and the West have not stopped chasing and blocking Russia, especially Russia, as an energy power, the energy issue has naturally become a target
    .
    As the initiator of this conflict, the United States has naturally spared no effort
    to sanction Russian oil.

    However, the sanctions against Russia did not receive satisfactory results, but led to the aggravation of high oil price inflation in the country, for which the United States could not regenerate a plan, directly pulled its own allies to price Russian oil, such a move, Russia naturally does not recognize, I have to say, this wishful thinking of the United States is really hegemonic
    .

    Yellen: We and our allies put a price on Russian oil

    U.
    S.
    Treasury Secretary Janet Yellen said that the United States is now discussing with its allies how to cap Russia's oil prices to limit Moscow's energy revenues, and it is clear that the United States has realized that sanctions against Russian energy have brought it not harm, but consumption incentives
    .

    Yellen said they did so to prevent global economic spillovers on the one hand and to bring more oil to the market on the other
    .
    Yellen said that the price ceiling or price exception they are talking about now will impose certain restrictions
    on Russian energy.
    I have to say that Yellen's statement also indirectly shows that the United States has long begun to worry about Russian oil
    .

    Don't want Russia to earn oil money?

    Obviously, the United States does not want Russia to obtain high energy revenues, nor does it want Russian oil sanctions to be shelved, the United States wants to import Russian oil at a low price, thereby preventing oil premiums, obviously such a move is impossible for Russia, it is estimated that neither Russia nor the Middle East oil powers, will agree to the United States' move
    .

    And judging from the behavior of the United States, the United States' move is simply useless, seemingly trying to get rid of energy dependence on Russia, but in fact it will only exacerbate its own inflationary pressure, and for the American people, the cost of living will only be higher
    .

    In addition, according to Garlingberti, vice president of the energy consulting agency, once the US resolution works, then Russia's response is to reduce oil production, which is likely to cause oil shortages and push international oil prices higher, when it is estimated that inflation will be even worse
    than now.

    All in all, the United States does not want Russian oil to make money, and wants to control the price of Russian oil exports by limiting the upper limit, which is tantamount to a fool's dream, whether or not this strategy of the United States can be implemented, it is estimated that Russia will not agree, and Russia will not be at the mercy of the
    United States.

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