The US Treasury Secretary’s trip to Asia/ trying to get support in setting the Russian oil price ceiling

According to the report of the International Economic Group of Fars News Agency, citing Reuters, the US Treasury announced that Janet YellenThe US Treasury Secretary will travel to Asia next week to meet with officials from Japan, South Korea and other G20 countries.

Yellen Seeking support for setting a price ceiling for Russian oil.

The US Treasury Department announced in a statement. Yellen He will hold bilateral meetings in Tokyo on July 12 and 13 before meeting with G20 finance officials on the Indonesian island of Bali. It will also have a meeting in Seoul on July 19.

The G20 meeting will be held in Indonesia on July 15 and 16.

According to the U.S. Treasury Department, the trip is part of a broader effort to “reaffirm America’s leadership role in the region and globally,” expand support for sanctions against Russia over its war with Ukraine, and strengthen efforts to respond to China, which has Acts very decisively.

The United States and 7 industrialized countries (England, Canada, Germany, France, Italy and Japan) along with the European Union, agreed last week on setting a price ceiling for Russian oil exports.

As the European Union prepares to impose a gradual embargo on Russian oil and a ban on marine insurance for any tanker carrying Russian oil, Janet Yellenconsiders setting a price ceiling as a way to maintain the flow of oil and prevent price increases.

Some European officials are skeptical about how the price cap will work, especially since India, China and other countries that buy most of Russia’s oil are not included.

“Washington is negotiating with more countries about the price ceiling and has made good progress,” the second official said.

The Ministry of Treasury announced that it is supposed to Yellen Thank Japan for supporting the G7.

KremlinA few days ago, he criticized the “very unfriendly position” of Japan.

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