U.S. Treasury: The U.S. hopes that the price limit policy for Russian oil will allow Russia to continue oil exploration

Washington, 13 Jul (Russian Satellite News Agency) -- US Treasury Secretary Janet Yellen said that the United States hopes that the price limit policy adopted by the United States on Russian oil will enable Russia to continue oil exploitation
.

Yellen told the Wall Street Journal during her visit to Tokyo: "We have heard that some people have expressed concern
that Russia may simply stop oil extraction.
" I want to say that the response of the Russian side has no special meaning
.
What we want to do is to put a limit on Russian oil, and within the price range we have set, Russia can continue to extract and still be able to draw it
.
”

At the June summit, the G7 countries reiterated their intention to reduce their dependence on Russian energy carriers, reaching a preliminary agreement
to begin limiting Russian oil and gas.

After Russia's special demilitarization operation in Ukraine began, the European Union has imposed six rounds of sanctions
on Russia's individuals, entities, financial sector and energy sector.
The sixth round of sanctions includes a partial oil embargo and sanctions against Russian tankers, banks and the media
.
At present, the EU is drafting a seventh round of sanctions against Russia, and some EU member states have expressed the hope that the new sanctions will include an embargo
on Russian gas.

Russian Deputy Foreign Minister Sergei Ryabkov said on July 7 that the G7 plan to set a price ceiling for Russian oil is doomed to fail, and Moscow will find ways to
earn revenue.

Earlier, Russian President Vladimir Putin said that the policy of containing and weakening Russia is a long-term strategy of the West, and sanctions have dealt a heavy blow
to the world's economies.