US Treasury chief proposes new ‘coalition’ against Russia ...News

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US Treasury chief proposes new ‘coalition’ against Russia
Janet Yellen says oil-buyers should unite to maintain sanctions on Moscow US Treasury Secretary Janet Yellen has said that countries buying oil from Moscow should form a coalition aimed at “locking in” Russian oil and preventing energy price hikes amid the sanctions. Yellen was asked at the New York Times’ DealBook DC Policy Forum on Thursday whether it was possible to assemble “a cartel” of buyers of Russian oil to prevent the prices from going too high.  “There would need to be a reasonably large group of countries that would go along with it. And it would be necessary to create such a coalition,” Yellen replied

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