US Treasury Secretary J.and Yellensaid that the exact dollar level of the maximum price of Russian oil had not yet been determined, although he insisted that he had not suggested that a price in the range of 60 dollars per barrel.
Yellen said there was broad agreement among international finance representatives at the annual meetings of the International Monetary Fund and the World Bank that Russia should stop its war against Ukraine, which is having serious negative consequences for the world economy.
The Treasury chief told a news conference that the exact level of the oil price cap would be determined together with other coalition countries according to various benchmarks and could be adjusted. No decision has been made yet, she noted.
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