US, UK economists back Russian oil price cap in letter to Yellen
Written by Black Hot Fire Network on October 11, 2022
WASHINGTON, Oct 11 (Reuters) - A price cap on Russian seaborne oil deliveries being developed by the United States and G7 countries could significantly reduce Russia's revenues while encouraging Moscow to continue to produce oil, 16 economists from top U.S. and British universities told U.S. Treasury Secretary Janet Yellen.
The cap, agreed in principle last month by . . .
