United States Treasury Secretary Janet Yellen said on Tuesday that her country is interested in maintaining the flow of Russian oil to world markets while limiting Moscow’s revenues to avoid a worldwide economic crisis.
“What we want is for Russian oil to continue to flow to world markets in order to contain the growth of global oil prices and avoid a jump that could provoke a global recession,” Yellen told the Senate Finance Committee.
She further explained that there are several ways to limit Russia’s oil selling profits, which include a possible move by buyers to band together and cap the oil prices paid to Moscow. Last week, European Union introduced the sixth package of sanctions against Russia, which includes a partial ban on oil imports. NN; this is insanity…. Russia is not embargoing oil. One branch of government is tripping over itself to stop Russian oil and natural gas flows with no replacements in sight. While the other part of government is warning about the dire consequences of said embargoes. This is insanity. Sanctions are killing the greeenwinnnieeee democracies. Talk about giving yourself a lethal injection and calling it medicine