Price Cap on Russian Oil Not Working as Intended, Yellen Admits

Price Cap on Russian Oil Not Working as Intended, Yellen Admits

WASHINGTON (Sputnik) – The G7 price cap on Russian oil has not been working as well as the West intended with Moscow’s ability to create shadow services for its oil shipments and after the rally in crude prices that brought a barrel near $100, US Treasury Secretary Janet Yellen told reporters.

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