December 24, 2024

Yellen Says Russia Offering ‘Enormous Discounts’ On Oil To China, India

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Yellen Says Russia Offering ‘Enormous Discounts’ On Oil To China, India

 

A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said, noting that Russia was now offering China and India “enormous discounts” while looking for other outlets for its oil.