US says it is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western services bound by the cap
Russian oil"is going to be selling at bargain prices and we're happy to have India get that bargain or Africa or China" as long as New Delhi doesn't use Western insurance, finance, or maritime services, says US Treasury Secretary Janet Yellen.
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen has said. Russia will not be able to sell as much oil as it does now once the European Union halts imports without resorting to the capped price or significant discounts from current prices, Yellen added.
Russian oil "is going to be selling at bargain prices and we're happy to have India get that bargain or Africa or China. It's fine," Yellen added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is critical Western aid to Ukraine in war with Russia in jeopardy?'Caving in to the Kremlin's blackmailing would affect Western governments' credibility,' said one Russian expert.
Read more »
Warner Music Launches ‘OUT OF ORDER’ Label to Highlight Emerging MarketsThe new imprint will begin by rolling out an Africa-focused album, with India next.
Read more »
UN, Russians to discuss extension of Ukraine export dealSenior U.N. and Russian officials planned to meet in Geneva on Friday for talks on extending the deal that returned Ukrainian grain to world markets and was supposed to eliminate obstacles for Russian exports of grain and fertilizer. The agreement expires Nov. 19, and Ukraine and Western nations are pressing for it to be extended. U.N. humanitarian chief Martin Griffiths and U.N. trade chief Rebeca Grynspan, who has been in charge of the Russian side of the agreement, were to meet with a Russian delegation led by Deputy Foreign Minister Sergey Vershinin, the U.N. said Thursday.
Read more »
Putin aide insists Kherson ‘a subject’ of Russia despite retreatAn important city in southern Ukraine remains 'a subject of the Russian Federation” despite the forced retreat of Russian troops, a senior spokesman for Russian President Vladimir Putin insisted.
Read more »
10 things to do in the western suburbs this holiday seasonThere are many wonderful ways to celebrate the holidays — from watching a Nutcracker befriend a young girl to gaining acclaim as the owner of the ugliest Christmas sweater. Here are 10 great things to do this holiday season in the western suburbs.
Read more »