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US And EU In Talks Over Russian Oil Products Cap: Yellen

OIL PRODUCTS
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The United States and European Union on Friday are in middle of discussion on the cap on Russian crude oil products, US Treasury Secretary Janet Yellen said.

  • Yellen also added she is confident the US and EU would reach an agreement by 5 Feb, when the import ban will come into place.
  • The European Commission proposed on Thursday introducing a $100/bbl cap on Russian products such as diesel and a lower cap of $45/bbl for discounted products such as fuel oil.
  • EU diplomats will start discussions on Friday.
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The United States and European Union on Friday are in middle of discussion on the cap on Russian crude oil products, US Treasury Secretary Janet Yellen said.

  • Yellen also added she is confident the US and EU would reach an agreement by 5 Feb, when the import ban will come into place.
  • The European Commission proposed on Thursday introducing a $100/bbl cap on Russian products such as diesel and a lower cap of $45/bbl for discounted products such as fuel oil.
  • EU diplomats will start discussions on Friday.