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India can purchase as a lot Russian oil because it desires, exterior value cap, Yellen says
-The US is pleased for India to proceed shopping for as a lot Russian oil because it desires, together with at costs above a G7-imposed value cap mechanism, if it steers away from Western insurance coverage, finance and maritime providers certain by the cap, U.S. Treasury Secretary Janet Yellen stated on Friday.
“Russia goes to search out it very troublesome to proceed transport as a lot oil as they’ve accomplished when the EU stops shopping for Russian oil,” Yellen stated. “They’ll be closely seeking patrons. And plenty of patrons are reliant on Western providers.”
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