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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Yellen Says US in Talks with Allies to Cap Russian Oil Price

Janet Yellen Russia Oil Canada United States
US Treasury Secretary Janet Yellen testifies before a Senate Finance Committee hearing on President Biden's 2023 budget, on Capitol Hill in Washington, US, June 7, 2022. REUTERS/Evelyn Hockstein/File Photo

The United States is in talks with allies to further restrict Russia's oil revenues by capping the price it would get for its crude, US Treasury Secretary Janet Yellen said during a visit to Canada on Monday.

"We are continuing to have productive conversations with our partners and allies around the world on how to further restrict energy revenues to Russia, while preventing spillover effects to the global economy," Yellen told a news conference.

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