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More on Yellen seeing benefits for buyers of Russian oil with the price capped

More on Yellen seeing benefits for buyers of Russian oil with the price capped

Moves from Western allies to cap the price of Russian oil will be a benefit to others says US Treasury Secretary Yellen.

  • Beijing will benefit from the new price cap mechanism to be imposed in December
  • China and other buyers of Russian oil will have more leverage to negotiate lower prices
  • "We see the price cap is something that benefits China benefits India, and benefits all purchasers of Russian oil,"

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Posted: Nov 14 2022, 02:24
Author Name: forexlive
Views: 101993

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