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The US Treasury has acknowledged the possibility of a winter oil price hike

Washington proposed a solution that would help reduce Russian oil revenues and keep prices low for the people.

Oil on world markets may rise in price next winter due to attempts to limit Russia’s “black gold”. This in turn will lead to another increase in the price of gasoline in the United States. This is what US Treasury Secretary Janet Yellen said, according to Reuters news agency.

The official noted that the European Union imposes an embargo on the purchase of oil from the Russian Federation, and also prevents the provision of services for its sale and transportation.

“This could cause a surge in oil prices. Our proposal to introduce a price cap is precisely aimed at simultaneously reducing Russia’s oil revenues and at the same time ensuring the market supplies to keep prices affordable for people,” – explained the head of the department.

It should be noted that in the Russian Federation they threatened not to supply oil to some countries and said that the idea of ​​limiting the price of Russian oil is completely absurd.

The G7 introduced a cap on oil prices in Russia. What does this mean

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Source: korrespondent

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