TORONTO—The United States is in talks with Canada and other allies to further restrict Moscow’s energy revenue by imposing a price cap on Russian oil, Treasury Secretary Janet Yellen said on Monday.
“We are talking about price caps or a price exception that would enhance and strengthen recent and proposed energy restrictions by Europe, the United States, the UK and others, that would push down the price of Russian oil and depress Putin’s revenues while allowing more oil supply to reach the global market,” Yellen told reporters in Toronto.
“We think a price exception is also an important way to prevent spillover effects to low income and developing countries that are struggling with high costs food and energy,” Yellen said, speaking alongside Canadian Finance Minister Chrystia Freeland….https://www.theepochtimes.com/c-us-politics

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