Yellen Says Russia Offering 'Enormous Discounts' On Oil To China, India
A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said, noting that Russia was now offering China and India "enormous discounts" while looking for other outlets for its oil.
Highlights
A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said on Thursday, noting that Russia was now offering China and India "enormous discounts" while looking for other outlets for its oil.
In December, Europe would halt the bulk of its purchases of 3 million barrels per day, putting additional pressure on Russia to find new buyers for its oil, Yellen told a conference hosted by The Atlantic magazine.
Europe was facing a tough winter with tight energy supplies as it decoupled from Russian energy, Yellen said. She said that could have some spillover effects on the United States, but she "wouldn't exaggerate" the potential impact on U.S. growth.
Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.
Great Deals on Used Cars
View All Used Cars8.0
2016 Maruti Suzuki Wagon R
- 46,324 km
- Petrol
- AMT
Rs. 3.85 Lakh
Car Choice Exclusif Amberhai, New Delhi
8.5
2020 Maruti Suzuki Wagon R
- 35,000 km
- Petrol+CNG
- Manual
Rs. 5.75 Lakh
₹ 12,878/month
Car Choice Exclusif Amberhai, New Delhi
8.7
2023 BMW X3
- 19,000 km
- Diesel
- Automatic
Rs. 64.5 Lakh
Car Choice Exclusif Amberhai, New Delhi
7.7
2019 Mahindra Alturas G4
- 16,178 km
- Diesel
- Automatic
Rs. 23.5 Lakh
Car Choice Exclusif Amberhai, New Delhi
8.9
2021 Hyundai Venue
- 13,870 km
- Petrol
- Manual
Rs. 7.75 Lakh
₹ 16,387/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.3
2020 Mahindra XUV300
- 25,279 km
- Diesel
- AMT
Rs. 8.75 Lakh
₹ 18,502/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.4
2021 Mahindra XUV700
- 29,070 km
- Diesel
- Manual
Rs. 22.5 Lakh
₹ 50,392/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.3
2020 Mahindra Thar
- 19,398 km
- Diesel
- Manual
Rs. 12.5 Lakh
₹ 26,440/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.4
2019 Honda Amaze
- 19,798 km
- Petrol
- Manual
Rs. 5.75 Lakh
₹ 12,878/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.8
2022 Maruti Suzuki Brezza
- 5,903 km
- Petrol
- Manual
Rs. 1.22 Crore
₹ 2,72,118/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
Upcoming Cars
Upcoming Bikes
Explore More
Latest News
Related Articles
Trending Vehicles In India
- Home
- News
- Auto Industry
- Yellen Says Russia Offering 'Enormous Discounts' On Oil To China, India