US Treasury Secretary: China's purchase of Russian oil "fully conforms" with the plans of Western countries

China and India have repeatedly been encouraged to join the Russian oil "price limit alliance" without success, and the United States has recently changed its previous pressure attitude
.
According to Reuters, U.
S
.
Treasury Secretary Janet Yellen, who is attending the G20 summit in Indonesia, said on November 14 that China's purchase of Russian oil is "fully in line" with the plans of Western countries.
Earlier, Yellen said that the United States was happy to see India "enjoy" to buy Russian oil, including at a price higher than the limit mechanism
.

Reuters: Yellen said price limit order will benefit China Reuters: Yellen said price limit order will benefit China

Yellen spoke to reporters on the sidelines of the G20 summit on November 14
.
She said China's purchases of Russian oil were "fully in line" with Western plans
to keep Russian crude on the international market.
She also said that China and other Russian oil buyers will benefit from the price cap mechanism for Russian oil implemented by the West next month, and these countries will have more leverage to lower Russian prices
.

"We believe that setting a price cap is beneficial for China, India and everyone who buys
Russian oil.
" She said
.

According to the sanctions previously adopted by the EU, the EU will stop importing Russian oil
by sea in December.
In September, G7 finance ministers issued a joint statement announcing that they had agreed to impose a price cap
on Russian oil and petroleum products.
According to Reuters, G7 countries and Australia have agreed to finalize a fixed price cap on Russian oil later in November, and the price limit order will take effect
on December 5.

U.
S.
Treasury Secretary Yellen (Infographic)U.
S.
Treasury Secretary Yellen (Infographic)

Yellen made similar statements
during her visit to India last weekend.
She said Nov.
11 that if India can avoid Western insurance, finance and maritime services restricted by price restrictions, the United States is happy to see India buy Russian oil "as much as it wants", including at prices above the price limit
.
She also said that the price limit order will give India, China and other major buyers of Russian oil the ability to lower Russian quotations, prompting Russian oil to be sold
at a cheaper price.

Just as Western countries imposed sanctions on Russia one after another, intending to hit the energy industry, which is the backbone of the Russian economy, China's oil imports from Russia increased significantly in the first half of the year
.

In response to the West's intention to limit the price of Russian oil, Foreign Ministry spokesman Mao Ning stressed at a regular press conference on September 5 that oil is one of the world's bulk commodities and ensuring the security of global energy supply is crucial
.
We hope that the countries concerned will, through dialogue and consultation, make constructive efforts to ease the situation, rather than the other way around
.