You are currently viewing “Washington’s Fantasies”: How the US Treasury intends to reduce Russia’s oil profits

Washington is in talks with partners and allies around the world to decide how to limit Russia’s energy revenue while “preventing spillovers to the global economy.” This was stated by US Treasury Secretary Janet Yellen. According to her, we are talking about the introduction of a price ceiling. This will allegedly reduce the cost of Russian oil and reduce Russia’s income, as well as increase the supply of this energy resource to the world market. Meanwhile, Western media reports that Russia is now exporting more oil than before and earning about $20 billion a month, and the West is facing a busy summer. According to experts, Washington’s initiative to impose a price ceiling on Russian oil is devoid of logic, and any attempts to limit Russia’s ability to make a profit will lead to even greater price increases.
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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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