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Yellen says Russia offering 'enormous discounts' on oil to China, India

Channel News Asia LogoChannel News Asia1w ago

Yellen says Russia offering 'enormous discounts' on oil to China, India - Channel News Asia

Quick Summary:

WASHINGTON: A planned Western price cap on Russian oil is already making a difference, US Treasury Secretary Janet Yellen said on Thursday (Sep 22), noting that Russia was now offering China and India "enormous discounts" while looking for other outlets for its oil.

Treasury Department in Washington, U.S.July 28, 2022.

She said that could have some spillover effects on the United States, but she "wouldn't exaggerate" the potential impact on US growth.Pressed for time?


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Article Details

Category: Economy

Topics: Janet Russia Russian Mediacorp 2022 Secretary News Treasury Europe Yellen Conference

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 03:34:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 2 minutes read

Article Length: 235 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 478519

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 62 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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