The price cap imposed on Russian oil by the G7 countries is not working as intended, US Treasury Secretary Janet Yellen said on Friday, as quoted by Bloomberg. She said market prices for crude exported from the sanctions-hit nation remain high. A $60-per-barrel price ceiling on Russian seaborne crude was ...
US sanctions are pushing many countries to seek alternatives to the dollar for settlements, Treasury Secretary Janet Yellen admitted during her annual appearance on Tuesday before the House Financial Services Committee to discuss the state of the international financial system. Asked about the risk of de-dollarization, Yellen acknowledged that the ...
