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    Home > Chemicals Industry > Petrochemical News > If you do not participate in the price limit on Russian oil, you will be subject to secondary sanctions by the United States? Deputy Yellen said so

    If you do not participate in the price limit on Russian oil, you will be subject to secondary sanctions by the United States? Deputy Yellen said so

    • Last Update: 2023-02-10
    • Source: Internet
    • Author: User
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    U.
    S.
    Deputy Treasury Secretary Wally Adeyemo said he does not expect Washington to sanction countries or companies
    that do not participate in the proposed campaign to limit the price of Russian oil.

    "I don't think we need secondary sanctions," Adeyemo said in an interview with Bloomberg Television, as other countries would have an incentive to join the measure that would cap the
    price of Russian crude.
    He said that countries that import Russian oil certainly want to pay the lowest price
    .

    U.
    S.
    Treasury Secretary Janet Yellen is proposing to limit the flow of Russian oil revenues into the Kremlin to fund the invasion of Ukraine, while keeping the country's oil on the global market
    .

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