Germanic Chancellor is uniting Europe under German leadership by pointing to external threat. he is not concerned about inflation at all. as German are united Green agenda.
Miscellaneous News
- Thread starter bd popeye
- Start date
I don't know man, I don't think germany will come out of this conflict under a positive light
Can someone explain to me like I’m 5 how this is supposed to work? by making it uninsurable, are they trying to make russian crude so expensive nobody would buy it?
sorry, economics is not my field
"We are talking about price caps or a price exception that would enhance and strengthen recent and proposed energy restrictions by Europe, the United States, the UK and others, that would push down the price of Russian oil and depress Putin's revenues, while allowing more oil supply to reach the global market," Yellen told reporters in Toronto.
"We think a price exception is also an important way to prevent spillover effects to low income and developing countries that are struggling with high costs food and energy," Yellen said, speaking alongside Canadian Finance Minister Chrystia Freeland.
Yellen said a price exception is an effective cap that could be achieved through a mechanism to restrict or ban insurance or financing for Russian oil shipments above a certain amount.
The United States, Canada, Britain and some other countries have banned imports of Russian oil, but the European Union remains highly dependent on Russian crude.
Asked if U.S. President Joe Biden planned to seek consensus on an oil price plan at the G7 leaders summit in Germany next week, Yellen said: "We are very active, actively working on this with our partners."
Freeland said Canada "thinks it is a really good idea" to try to limit Russia's oil revenues, but recognizes that this will be challenging for European countries.
"The path forward here is really to be talking with our European partners and to recognize, you know, how central they are in the decision making here," Freeland said, adding that Ukraine needed to be included in any decisions as well.
sorry, economics is not my field
U.S. in talks with allies on Russian oil price cap, says Yellen
The United States is in talks with Canada and other allies to further restrict Moscow's energy revenue by imposing a price cap on Russian oil, Treasury Secretary Janet Yellen said on Monday."We are talking about price caps or a price exception that would enhance and strengthen recent and proposed energy restrictions by Europe, the United States, the UK and others, that would push down the price of Russian oil and depress Putin's revenues, while allowing more oil supply to reach the global market," Yellen told reporters in Toronto.
"We think a price exception is also an important way to prevent spillover effects to low income and developing countries that are struggling with high costs food and energy," Yellen said, speaking alongside Canadian Finance Minister Chrystia Freeland.
Yellen said a price exception is an effective cap that could be achieved through a mechanism to restrict or ban insurance or financing for Russian oil shipments above a certain amount.
The United States, Canada, Britain and some other countries have banned imports of Russian oil, but the European Union remains highly dependent on Russian crude.
Asked if U.S. President Joe Biden planned to seek consensus on an oil price plan at the G7 leaders summit in Germany next week, Yellen said: "We are very active, actively working on this with our partners."
Freeland said Canada "thinks it is a really good idea" to try to limit Russia's oil revenues, but recognizes that this will be challenging for European countries.
"The path forward here is really to be talking with our European partners and to recognize, you know, how central they are in the decision making here," Freeland said, adding that Ukraine needed to be included in any decisions as well.
I think this means the west still start stealing Russia's oil on the high seas, the ole' anglo piracy tradition.
They're going to try and stop people from buying Russian gas over a certain price.
How they're going to enforce it is through not lending money via whatever for oil purchases.
At least, that's what they say.
Realistically, yea they're probably going to start stealing Russian oil, the bastards.
Ah yes. $20 per gallon gasoline. Basically, it’s just who can last longer at this point. The Russians with $300 oil or the average joe having to choose between a cup of gas or bucket of mud cookies with the added benefit of a starving child for the Neocon cause.
solarz
Brigadier
It doesn't. Work that is.
This is just another manifestation of their delusions of grandeur.
It looks to me the US and Europe are giving up hope that they can ever wean themselves off Russian oil, not to mention end of the year as they so "gallantly" claimed just 3 weeks ago.
Anything that come from Yellen, like escrow oil payment to Russia, should be casted under the same light. Probably the idea came from the same group of "nerds" in the Treasury Department managing the economic MAD war with Russia.
How come Korea, as a small country, has so much IPO value?