(ANSA-AFP) - OTTAWA, JUN 21 - The United States is in talks
with allies to further restrict Russia's oil revenues by capping
the price it would get for its crude, US Treasury Secretary
Janet Yellen said during a visit to Canada on Monday. "We are
continuing to have productive conversations with our partners
and allies around the world on how to further restrict energy
revenues to Russia, while preventing spillover effects to the
global economy," Yellen told a news conference. "We are talking
about price caps or a price exception that would enhance and
strengthen recent and proposed energy restrictions (imposed by
the US and allies)... that would push down the price of Russian
oil and depress Putin's revenues while allowing more oil supply
to reach the global market," she said. A price cap, she
explained, would "prevent spillover effects to low income and
developing countries that are struggling with high costs of food
and energy." Yellen was in Canada to strategize with Deputy
Prime Minister Chrystia Freeland on how the two countries will
continue to address the Ukraine crisis, tackling soaring
inflation, firming up global supply chains and securing critical
minerals. (ANSA-AFP).
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