U.S. Treasury Secretary: A Russian Oil Price Cap Will Benefit China And India ...Middle East

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U.S. Treasury Secretary: A Russian Oil Price Cap Will Benefit China And India
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The U.S.-led initiative seeking to set a ceiling on the price of Russian oil sold on international markets will benefit China, U.S. Treasury Secretary Janet Yellen told media today on the sidelines of the G20 summit. "We see the price cap is something that benefits China benefits India, and benefits all purchasers of Russian oil," Yellen said, as quoted by Reuters. In her statement, the U.S. Treasury Secretary also said that China’s current buying of Russian crude was “completely consistent” with the West’s plans to keep…

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