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The European Union, the Group of Seven (G7) countries and Australia have imposed a price cap for Russian seaborne oil starting from December 5. Under the price cap policy known in Russia as the "cold ceiling," if Russian oil sells for more than $60 per barrel, transportation insurance and financial services will be suspended.
Amid the energy crisis, the U.S. is "extending a helping hand" to its European allies, offering liquefied natural gas as an alternative to Russian gas.
Russian economic analysts said the U.S. has always been a "reliable energy supplier," but its political ambition to monopolize the energy market is clearly revealed.
The "aid" to Europe has allowed the U.S. to make huge profits. However, high energy costs are also forcing many European countries to face the challenge of "deindustrialization." As a result, a growing number of European companies are moving production to the United States in search of cheap energy supplies.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466