: Yellen: No decision made yet on dollar level for Russian oil price cap

0
22

No decisions have been made yet on a dollar level for a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen told reporters on Friday. Speaking at a news conference as part of this year’s meetings of the IMF and the World Bank, Yellen said a price cap “will help stabilize global energy prices,” and give developing countries leverage to negotiate better prices for Russian oil. As the Wall Street Journal reports, the Group of Seven countries, along with Australia, are working to put into place a plan ahead of a Dec. 5 deadline that would bar the use of financing, insuring and shipping services for Russian oil unless the oil is sold below a set price limit.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleThe Wall Street Journal: Two Trump aides contacted by federal investigators seeking information about movement of documents at Mar-a-Lago
Next articleStock-market futures indicate nearly 300-point Dow rise at Friday’s open

LEAVE A REPLY

Please enter your comment!
Please enter your name here