Seven-nation price limit! Russian hard gang: not for sale!

Seven-nation price limit! Russian hard gang: not for sale! On September 2,

The Group of Seven (the United States, Britain, France, Germany, Italy, Canada and Japan) issued a joint statement, announcing a price cap on Russian oil. However, Russia is also fully prepared. The day before, that is, September 1 day, the Russian Deputy Prime Minister has stated that oil and gas energy will not be sold to unfriendly countries.

This practice of the Group of Seven is unheard of, unheard of. Where is the practice of imposing sanctions on others and thinking about limiting the price of oil and gas energy for others? What's more, Russia is also a big country of the five permanent members, with autonomy and strategic weapons. How can it let the G-7 do whatever it wants?

On September 2, the Group of Seven announced the price limit, but on September 1, Russia firmly stated that it would not sell. Russia is confident that it will not sell. At present, the global oil and gas energy supply is tight, and the demand exceeds the supply. If Russia does not sell to western countries, it can also sell to countries such as Asia. But if the G-7 can't buy Russian crude oil, it will go to other oil-producing countries to buy it. The key point is that most of these oil-producing countries have signed long-term contracts. Do you sell oil?

From June 5438 to July 2022, Russia's oil revenue reached about $74 billion. In terms of oil export volume, in July, the average daily export volume of Russian crude oil was 7.4 million barrels, which was only 8 million barrels at the beginning of the year, only about 7.5% lower. In this way, it means that western sanctions have not played a very good role. And this may be the confidence of Russia.

This time, the Group of Seven announced a price limit on Russian oil, but Russia just stopped selling it. As the demand side of oil, the Group of Seven (G-7) is likely to end up with a price-fixing failure if there is no accident.

# The Group of Seven announced that it would set a price ceiling for Russian oil #,