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Russian oil price cap will ease inflation, harm Moscow’s finances, Yellen says

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WASHINGTON: U.S. Treasury Secretary Janet Yellen said that a price cap on Russian oil agreed by Group of Seven (G7) finance ministers on Friday would help fight inflation while delivering a blow to Moscow’s ability to finance its war in Ukraine.

The price cap helps achieve “our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine,” Yellen said in a statement.

Yellen ‘optimistic’ on deal to set price cap on Russian oil

Janet Yellen G7 Russian oil G7 leaders

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samir sardana Sep 07, 2022 08:14pm
LIKE I SAID ON "https://www.brecorder.com/news/40164316/oil-prices-dive-as-us-considers-record-reserves-release" ON APR 01, 2022 04:17AM "The aim is to reduce and stop Russian Oil sales to EU and also TO REDUCE THE OIL RATES FOR RUSSIA !" THE AIM OF RUSSIAN SANCTIONS ETC.IS TO SRANGULATE RUSSIA EVEN THE US FED HIKES ARE TO KILL OIL - NOT INFLATION ! TARGET = RUSSIA ! SINCE BRENT IS NOT FALLING - SO THE OIL CAP US = ZUBIN MEHTA THE COMPOSER ! AT EOD - EU WILL BUY OIL AND GAS FROM US OR QATAR (US ALLY). SO US IS HAVING A BALL, AND YELLEN IS SMILING ! PUTIN WILL ALSO NEED TO TAKE DRASTIC STEPS - AS, THE LONGER THE WAR LASTS - THE WORSE IT WILL BE FOR RUSSIA AND ITS MILITARY - FATIGUE AND MONTONY OF WAR !SO NEW WEAPONS WILL NEED TO BE USED = DRASTIC ESCALATION ! dindooohindoo
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