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Yellen defends Russian oil price cap in wake of OPEC+ retaliation

Por: Fox Business Business October 06, 2022

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President Biden said Thursday he had a reaction of disappointment after OPEC+ decided to cut oil production. Biden said the U.S. is looking at alternatives and that we haven't made up our mind yet. Treasury Secretary touted efforts by the U.S. and Europe to implement a price cap on Russian oil and choke off a massive amount of revenue for Moscow, despite retaliatory production cuts from OPEC+ this week. Speaking at the Center for Global... + full article



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