The U.S. and partner countries can’t reconcile with their miscalculation about the rapid rise in oil prices amid anti-Russian sanctions, and are frantically trying to set limits on Russia’s income from selling it.
It is reported by The Wall Street Journal.
The newspaper quotes US Treasury Secretary Janet Yellen, who said that amid active imports of Russian oil by European companies, world oil prices could rise again in the event of ill-considered sanctions against Russia.
“We want to keep the flow of Russian oil to the market to keep world prices down and try to avoid a spike that would cause a global recession. Absolutely the goal is to limit Russia’s revenues,” Yellen stated.
Against this backdrop, the G7 countries intend to insure supplies of Russian oil selling below a certain value in Europe.
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