The US has found an alternative to the oil embargo/Getty Images
< strong _ngcontent-sc87="">While the EU continues to exhort Hungary not to block the oil embargo in a new package of sanctions, the US has found an alternative solution. Buying Russian oil may simply be unprofitable.
The most powerful countries in the world have taken the side of Ukraine and are helping us defeat Russian infidels. They are also actively working to ensure that Russia fully feels the consequences of its crimes against Ukraine.
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Tariffs as an alternative to embargo
As you know, the G7 countries expressed not only words of support to Ukraine, but also promised to act in order to contain Russia's aggression and limit its resources in the war against our state.
Even now, the finance ministers of the G7 countries are working to allocate 15 billion euros to help Ukraine. In addition, at a meeting to be held this week, the US Treasury intends to announce its plan to limit trade in Russian oil.
The Americans want to propose to the EU for a phased embargo, as planned earlier, the introduction of duties on Russian oil, which will give results in a shorter time.
Such a decision will hit Russia immediately, and will also prevent some countries, in particular Hungary, to block the decision on the embargo in the new package of sanctions.
According to the US plan, the tariff mechanism will keep Russian oil on the market, but at the same time will greatly limit the revenues that Russia can receive from its energy exports. It is reported that the price of Russian oil should be such that it will not give Russia big profits, but at the same time will not force it to stop exporting. This would help to avoid new price hikes as a result of the embargo that Europe will introduce, and maintain stability in the global oil market.
The US Treasury plans to use revenue from duties on Russian oil for the post-war reconstruction of Ukraine and its economy .
Sanctions against Russia: latest news
- Hungary has decided to milk the EU for not blocking the embargo on Russian oil. Orban demands from Europe 15 billion euros, because the Hungarian economy will suffer greatly from this decision. The EU offered Hungary a delay of the embargo for several years, but they decided to play along with Putin to the end.
- Russia should not hope that any sanctions will be lifted in the near future. As Christina Quinn reported, the United States and other countries are actively working in only one direction – increasing pressure on the aggressor.
