The price has to be high enough for Russia to keep producing, according to Janet Yellen The US is planning to limit the price paid for Russian oil but at a level that would still be profitable enough for production to be continued, Treasury Secretary Janet Yellen said in an interview with the Wall Street Journal published on Wednesday. “We have heard some concern about the possibility that Russia would simply stop producing. I would say that it doesn’t really make a lot of sense as a Russian response… We would expect to set the price cap at a level that would clearly be profitable for Russia to continue to produce
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