The United States is telling Russia to cap the price of the oil they sell or they will face more sanctions.

RT:

US Treasury Secretary Janet Yellen issued a stark warning to Russia on Thursday: Comply with a yet-to-be-imposed oil price cap mechanism or face even harsher sanctions.

According to Yellen, if Moscow refuses to go along with the proposal to limit its oil revenue, the EU and US will ban the provision of insurance and other financial services to the country.

“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.

Just what sort of plan is this?

The only thing Western sanctions on Russia did was increase the price of oil.

But they’re now telling Russia to lower the price of their oil or they will put more sanctions on them which will further increase the price of oil.

They’re basically trying to set a global price cap on Russian oil and are trying to get other countries to buy their oil at a price dictated by the West.

This is a very stupid plan and it is not going to work. Even if they are successful in getting all these countries around the world to agree to this ridiculous plan, Russia could just refuse to sell the product. This would create huge market disruptions and cause the oil price to go even higher. The rest of the world is not going to go along with this.

This Jew Janet Yellen is the same person who has been consistently wrong about inflation so I guess it is not a surprise that she’d be the point person for this absolutely retarded scheme.

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