In order to reduce the profits earned by Russia by selling oil and invest the profits earned against Ukraine, the G7 countries discussed a "price limit alliance" together, requiring the highest price limit for Russian oil, and called on major energy consumer countries such as China and India to participate.
In response to the appeal, Mao Ning, spokesman of the Ministry of Foreign Affairs of my country, responded that oil is a global commodity and plays a very important role in maintaining energy security and stability. We hope that relevant countries will promote the easing of the situation through dialogue and consultation, rather than the other way around.
In other words, we will not get involved in this price limit order made by the West, and since the outbreak of the Russian-Ukrainian conflict, China-Russia energy trade has increased significantly and has not been affected by any outside world. According to Russian media reports, US Treasury official Rosenberg said that all legal persons that do not implement price limit orders and are related to G7 will be subject to US sanctions.
However, she also emphasized that the scope of sanctions will be limited to the scope of G7 member states. If an Asian country does not purchase Russian oil in accordance with the agreement they formulate, if it does not involve G7-related services, no law can impose sanctions on it.
As we all know, the United States always likes to target developing countries , led by China. But this time, even if we ignore the ban, we automatically gain immunity, and the G7 countries actively respond to the initiative, have become the priority target of crackdown.
This point is very intriguing, but with a careful analysis, you can discover the hidden mystery. G7 members include the United States, Japan, Canada, the United Kingdom, France, Germany, and Italy. It should be noted that the United States and Canada are the main oil producers themselves and will basically not be affected by the price limit order.
Although Japan is a major oil importer, it mainly buys it from Middle East and other places, and is not highly dependent on Russian oil. In this way, the price limit order actually impacts those European powers. Logically speaking, European countries should strongly oppose this approach, but the facts are surprising.
Germany, France and other countries not only actively cooperate with the price limit policy, but they also try to relax some sanctions on Russia in order to win agreement on the issue of restricting Russian oil prices.
Frankly speaking, the impact of the price limit order on different countries is different. We cannot fully draw conclusions on what consequences it will lead to, but this policy has three highlights and is worth paying attention to. First of all, Europe will not be able to make profits in the short term, but in the long run it will lead to further loss of energy independence, and it will not be able to benefit from any of its benefits.
price limit order was first proposed by Japanese Prime Minister Kishida Fumio , but the United States has gained the leadership and the situation is also developing in accordance with Washington's arrangements. The EU knows that the US's operations are the most unfavorable to it, but it can only choose to obey.
This is because winter is coming and Europe is seriously lacking in oil and gas. The latter believes that if the G7 countries put collective pressure on them, Europe can obtain energy at low cost, thereby resolving the current crisis. But how could Russia allow the West to threaten or even do business at a loss? Once the input-output is disproportionate, Moscow may cut off oil exports to Europe.
Of course, this is exactly what the United States wants to see. The EU, which cannot buy Russian oil, can only rely more on the United States in the energy field. Secondly, Asian countries represented by China and India will benefit from the G7 policy.
In Russia's energy exports, the European market accounts for the majority. If the United States wants to truly attack Moscow, it can only focus on one place and relax control over the practices of China and India importing Russian energy.
Of course, Washington does not want to, but cannot. The decline in the strength and influence of the United States is no longer enough to support them to issue orders to the world, and China and India will not give them face at all. Seeing that the United States turned a blind eye, Southeast Asian countries also became bolder and put the vigorous purchase of Russian oil on the agenda. Finally, Russia will not suffer much loss due to the G7 trick.
After the outbreak of the Russian-Ukrainian conflict, the West and Russia launched a contest of sanctions and counter-sanctions. At present, Western countries are in a serious energy crisis, but Russia has made a fortune due to the sharp rise in energy prices.
So, the United States and Europe, who are unwilling to fail, tried to take stricter measures, but the two actually had their own ulterior motives. The United States wants to take Europe hostage and cut off Russia's largest energy market, while European countries hope to use the pressure from the United States to force Russia to lower its energy prices.
As a result, Moscow did not confront them head-on, and turned around and developed the Eastern market. Earlier this month, the heads of state of China, Russia and Mongolia met. A natural gas pipeline starting from Siberia , passing through Mongolia and finally leading to China, is under construction.
As expected, the EU will become the biggest loser again in this game. Under the instigation of the United States, Europe has been played by Washington again and again, enduring the price it should not be borne. If this continues, Europe's further decline may be inevitable.
