US Tells Russia to Cap Oil Price or Face More of the Sanctions That Increased Oil Price

This is like some kind of wild mania that is going on here – “lower the oil price or we will raise the oil price again”?

What kinds of threats are these?

RT:

Russia must comply with the yet-to-be-imposed oil price cap mechanism or face even harsher sanctions, US Treasury Secretary Janet Yellen warned on Thursday.

“I think from Russia’s point of view, a price cap or price exception to a policy that would otherwise be yet harsher on Russia is something that they should be willing to go along with,” Yellen said at a press briefing in Nusa Dua, Indonesia ahead of a meeting of G20 finance ministers and central bankers.

According to Yellen, if Russia refuses to comply with the proposal to limit its oil revenue, the EU and US would be forced to ban providing insurance and other financial services to the country.

“So, we’re proposing an exception that would allow Russia to export as long as the price doesn’t exceed a to-be-determined level. Otherwise, Russia faces a situation where it will be completely cut off from those critical services, and that’s likely to shut-in a substantial amount of Russian oil,” the official warned. She said the mechanism should be viewed as “mitigating the impact that the insurance and financial services ban would otherwise have.”

“It will give Russia a way to continue exporting oil at a price I expect would be quite profitable for them relative to shutting it in,” Yellen explained.

Is this the stupidest Jew woman?

Related: Yellen Says She was Wrong About Inflation

Has Jewish nepotism finally led to Jewish idiocy?

Reuters:

Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that attempts by the Group of Seven to cap oil prices may in fact cause them to rise.

“Those plans are anti-market and risky,” she told a weekly briefing.

Yeah – what do you think?

This is not difficult math. It’s not even really math, it’s just basic common sense that anyone can figure out in their head.

Why are Americans having such a difficult time with such simple things?