Yellen: US in talks on ceiling on Russian oil prices

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“We are talking about a price cap or price cut, (measures) that would reinforce recent and proposed energy restrictions from Europe, the United States, the United Kingdom and others, reduce the price of Russian oil and reduce its revenues ( “At the same time allowing larger quantities of oil to be sold on the world market,” Yellen told reporters in Toronto.

The United States is in talks with Canada and other allies to further reduce Moscow’s energy revenues without affecting lower-income countries, US Treasury Secretary Janet Yellen said Monday.

“We are talking about a price cap or price cut, (measures) that would reinforce recent and proposed energy restrictions from Europe, the United States, the United Kingdom and others, reduce the price of Russian oil and reduce its revenues ( “At the same time allowing larger quantities of oil to be sold on the world market,” Yellen told reporters in Toronto.

“We believe that a price cut is also an important way to prevent the secondary impact on lower-income (low-income households) in developing countries, which are struggling to cope with high food and energy costs,” added Treasury Secretary Janet Plain Yellen. of her Canadian counterpart Christia Freeland.

Source: ΑΠΕ-ΜΠΕ

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