Russia** Putin may not have expected that victory would come so quickly!Recently, some members of the US Congress have expressed skepticism about the G7's price cap on Russian oil, believing that its effect is limited and embarrassing. Why continue to do so because the price limit is considered ineffective?In order to save face for the United States, they decided to go back on it!Although Biden is still insisting on the effectiveness of limiting Russian oil, emphasizing that it can reduce Russia's oil export revenues, in fact, a proposal to lift the price cap on Russian oil has been officially submitted to the US Congress.
In just one year, has the United States really been forced to admit it?Western countries have imposed anti-Russian sanctions on Russia, and the scope has been extended to Russian oil exports. The G7 stepped in directly, setting a cap of $60 on Russian oil exports**. However, the year has passed, and Russia's oil revenues have indeed decreased!
Data shows that Russia's oil export revenues decreased by 20% compared to 2022. But is this 20% reduction really because of the G7's oil price cap?Biden even claimed that the G7 oil price limit was effective, and he was able to say it. However, Western countries themselves admit that the G7's price cap on Russian oil exports is practically non-existent!The reality is also that Russia's oil exports** have never fallen below $60.
Obviously, this time the United States has really reversed itself, and even though it may give Putin a victory, it is determined to abolish the price limit measures previously proposed. They believe that doing so, at least, will not be considered a failure of sanctions, and will save some face.
Now, these US congressmen are rushing to remove this price cap, which is considered ineffective. They feel that if this continues, the US sanctions will really become an international joke, which will be extremely humiliating!It may even make some countries realize that the United States is not invincible.
The United States' renegligent move, even if it may lead to a victory for Putin, does not seem to care about the consequences. So, how will Europe feel?Perhaps Europe at this time will have such a question: Can the United States be accused of "colluding with Russia"?
In fact, Europe became a victim of the whole situation!The United States launched this operation, and now it has to reverse itself, and Europe has become the main wrong. Europe not only has to pay for the import of LNG from the United States, but also has to import a large amount of second-hand Russian oil from India!This seems to be the pace of the United States and Russia joining hands to hollow out Europe, and this is not pushing Europe to a desperate situation?
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