Treasury Secretary Janet Yellen said no decisions have been made among G7 countries on a price cap for Russian oil, after reports said they are considering a $60 cap.
on Friday walked back speculation that G7 nations are considering a $60 per barrel price cap on Russian oil and stressed that no decision has been made.from oil sales at $60 per barrel by saying a price in that range would let Russia "profitably produce and sell oil." But on Friday, she said her comment then was not meant to suggest the G7 has decided on a price in that range.
in an effort to limit Russian oil profits that help fund its war against Ukraine, will need to be above Russia’s cost-per-barrel. Yellen added that once the cap it set, it can be adjusted over time to reflect changing economic circumstances.
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