“The administration (US President Joe. -


) Biden, as well as European and British officials, have demonstrated complete incompetence in the current energy crisis.

And the introduction of a price cap could well be the final death blow for them,” said Eberhart.

He noted that there is no practical sense in introducing an oil price ceiling, and it is impossible to enforce it.

“This plan is good in theory, but in practice it carries a lot of risks.

This happens because politicians are not able to understand the mechanisms of the energy markets,” said Eberhart.

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, Russian Energy Minister Nikolai Shulginov said that Russia would not sell gas or oil to countries that set a price ceiling on them.

According to the head of the European Commission, Ursula von der Leyen, the European Commission is preparing a legislative framework that will allow imposing price restrictions on Russian oil.