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ECONOMY

Petrides Discusses Russian Sanctions With US Secretary Of The Treasury Yellen

Petrides Discusses Russian Sanctions With US Secretary Of The Treasury Yellen

The US and Cyprus’ commitment to implement sanctions on Russia for its war in Ukraine was the major issue of discussion between Cyprus Minister of Finance Constantinos Petrides and and US Secretary of the Treasury Janet Yellen.

As reported by CNA, Yellen, and Petrides recently discussed the issue and agreed that the goal is to place a price limit on Russian oil to deprive the Kremlin of revenue to finance their war in Ukraine, while mitigating spillover effects for the global economy.

As Yellen said, the USA's desire is to align with the European Union’s sixth package of restrictions and prevent evasion.

Source: CNA

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