If they ask you to pay €2 for a loaf of bread at the bakery, and you reply, “No, I will pay only €1,” the baker tells you “Fuck you,” and you go back home without bread. Apparently, the G7 Finance Ministers believe that they can impose not only financial conditionalities on other nations, but “financial exceptionalities” as well. They are apparently convinced that the baker will give them what they want...
According to Bloomberg, the G7 Finance Ministers have approved a plan to fix a price cap on Russian oil. Two officials, quoted by the Financial Times, say that the price cap will be effective from Dec. 5 for oil and from Feb. 5 for refined products. Janet Yellen said this is a powerful weapon to fight inflation.
Kremlin spokesman Dmitry Peskov responded by saying that if a price cap is implemented, Russia will simply sell its oil elsewhere.
