Yellen Pitches Russian-Oil Price Cap to Chinese Counterpart

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TOKYO—Treasury Secretary Janet Yellen mentioned the opportunity of placing a cap on the price of Russian oil throughout a digital assembly with Chinese language Vice Premier Liu He, in one of many first indicators of American efforts to pitch China on a plan to restrict Russia’s income from oil gross sales.

Ms. Yellen mentioned she and her Chinese language counterpart would proceed engaged on the concept, in an interview with The Wall Road Journal in Tokyo, the start cease in her first journey to Asia as Treasury secretary. Ms. Yellen and Mr. Liu spoke last week, however their discussions on the worth cap plan weren’t beforehand recognized.

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