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US Treasury Secretary Janet Yellen spoke with UK Finance Minister Nadhim Zahawi about the possibility of capping Russian oil prices, the need to accelerate budget support for Ukraine and ways to take advantage of the sanctions imposed on Russia.
6:44 am: Janet Yellen and Nadhim Zahawi discuss Russian oil price cap
US Treasury Secretary Janet Yellen presented Russia’s oil price cap proposal during a phone call with UK Finance Minister Nadhim Zahawi to reduce the impact of the war in Ukraine on global energy .
Both spoke of the need to continue accelerating budget support for Ukraine, and opportunities to take advantage of sanctions imposed on Russia, the US Treasury Department said in a statement.