The head of the US Treasury Department predicted a harsh winter for Europeans

Published by
Peter Kavinsky

Finance Minister Janet Yellen

A picture: REUTERS

To the chorus of voices that the European Union is predicting perhaps the most difficult winter in its existence, joined and Treasury Secretary Janet Yellen. According to her, Europeans should prepare for extremely cold weather, which will be the result of the sanctions policy.

“In December, Europe will stop most of its purchases of 3 million barrels per day, putting additional pressure on Russia and forcing it to seek new buyers for its oil,” Yellen told reporters.

At the same time, the minister is confident that the anti-Russian sanctions will achieve their goal, as Russia would have to cut rebates on oil supplied to India and China.

Yellen does not deny the impact of the change in the oil situation on the world market and on the United States, but does not think it is that big to pay attention to it. But of course the Europeans have to be patient.

The decline in energy consumption in the EU against the backdrop of rising energy prices has been previously discussed in the Russian Federation, and the US edition of Foreign Policy even warned of a possible “struggle for survival” within the EU itself due to oil and gas restrictions. gas supplies from Russia.

Peter Kavinsky

Peter Kavinsky is the Executive Editor at

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