US Treasury Secretary Janet Yellen testifies before the Senate Finance Committee in Washington on June 7. Photo: AFP
US Treasury Secretary Janet Yellen testifies before the Senate Finance Committee in Washington on June 7. Photo: AFP
Ukraine war

Ukraine war: US and allies mulling Russian oil price cap, Treasury chief Janet Yellen says

  • Such a move would further restrict Moscow’s energy revenue, in addition to existing or planned Western restrictions
  • A price exception could be achieved through a mechanism to limit or ban insurance or financing for Russian oil shipments above a certain amount, she said

US Treasury Secretary Janet Yellen testifies before the Senate Finance Committee in Washington on June 7. Photo: AFP
US Treasury Secretary Janet Yellen testifies before the Senate Finance Committee in Washington on June 7. Photo: AFP
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