Yellen met with British Finance Minister Nadhim Zahawi, the US Treasury Department said in a statement.
Yellen stated that the USA and the UK are working closely on a set of common global goals and priorities.
Pointing out that the most prominent of these is the joint response to Russia's attack on Ukraine, Yellen stated that Britain is a key ally in the G7's efforts to bring a ceiling price to Russian oil.
“I am genuinely optimistic about the significant progress our teams and the entire G7 have made in implementing price ceilings,” Yellen said. made its assessment.
Pointing out that the ceiling price application will contribute to two main goals, Yellen said that firstly, Russian President Vladimir Putin will reduce the income he needs to continue the war.
Yellen noted that the other goal that the application will contribute to is maintaining reliable oil supply for the global market and creating downward pressure on energy prices.
Stating that Russia's war has caused energy prices to rise globally, Yellen said, "I think the price ceiling is one of the most powerful tools we have to combat inflation by providing a steady flow of oil to global markets at lower prices." used the phrase.
Yellen noted that if most Russian oil production is stopped, there is a threat of a massive rise in global energy prices without a price cap.
White House National Security Council Strategic Communications Director John Kirby also announced that the G7 finance ministers will meet on Friday to discuss the ceiling price for Russian oil.
Comments
No comment yet.