Yellen discusses price cap on Russian oil with UK's Zahawi - U.S. Treasury

[July 27, 2022]  (Reuters) - U.S. Treasury Secretary Janet Yellen highlighted a proposed price cap on Russian oil on a phone call with British Finance Minister Nadhim Zahawi on Tuesday, a move to reduce the impact of the war in Ukraine on global energy prices.  

U.S. Treasury Secretary Janet Yellen attends a meeting with South Korean Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho at Lotte Hotel, in Seoul, South Korea July 19, 2022. Chung Sung-Jun/Pool via REUTERS

Both discussed the need to continue to accelerate budgetary support for Ukraine, and opportunities to build on sanctions imposed on Russia, the U.S. Treasury Department said in a statement.

(Reporting by Akriti Sharma in Bengaluru; Editing by Christian Schmollinger)

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