This is reported by RIA Novosti.

Trump noted that current US President Joe Biden is using the country's strategic reserves to drive down oil prices.

“And immediately after the election, they will double and be higher than anyone could have imagined,” he said.

On September 2, the finance ministers of the G7 countries agreed to impose a ceiling on the price of oil from Russia.

In particular, the G7 will ban ship insurance for carriers of Russian oil at prices exceeding the established threshold.

US Treasury Secretary Janet Yellen noted that limiting the price of oil from Russia will help fight inflation in the US.

At the same time, the US Treasury emphasized that the United States would not buy Russian oil after the introduction of a price ceiling for it.