The probable setting of oil price cap for Russian oil by the Western countries will cause chaos in the global energy market and the main beneficiary will be the US, Global Times reports.
This opinion was expressed by Li Haidong, a professor at the Institute of International Relations of the Chinese University of Foreign Affairs, the Global Times said.
The article notes that since Russia will refuse to supply its oil to those countries that will support the “price cap”, the European market will be free for American exporters.
“The EU split is entirely predictable as the Russia-Ukraine crisis is now in its ninth month. EU countries are becoming increasingly aware that the US is trying to extract huge profits for itself at their expense. For example, by exporting oil to European countries,” the expert stated.
According to him, because of the refusal to buy Russian oil at market prices, the European Union “will have to endure a very cold winter. That is why there is still no consensus among the EU countries as to what exactly the cap for energy carriers from the Russian Federation should be.
“The United States’ tactic is to put European states on the front line by provoking Russia, while Washington itself hides in the back and counts money while Brussels and Moscow tax each other with sanctions,” concluded Li Haidong.