Yellen discusses price cap on Russian oil with UK’s Zahawi – U.S. Treasury

(Reuters) – U.S. Treasury Secretary Janet Yellen highlighted a proposed price cap on Russian oil on a phone call with British Finance Minister Nadhim Zahawi on Tuesday, a move to reduce the impact of the war in Ukraine on global energy prices.

Both discussed the need to continue to accelerate budgetary support for Ukraine, and opportunities to build on sanctions imposed on Russia, the U.S. Treasury Department said in a statement.

(Reporting by Akriti Sharma in Bengaluru; Editing by Christian Schmollinger)