US considers new sanctions on Russian oil tankers and Chinese banks to curb Russia’s war funding.

US Treasury Secretary Janet Yellen stated that the US is considering additional sanctions on Russian oil tankers, known as "dark fleet," and may sanction Chinese banks to limit Russia's oil revenue and foreign supply for its war in Ukraine. The US and allies might lower the $60-per-barrel price cap on Russian oil. Yellen noted ongoing talks with China to monitor financial activities aiding Russia's war effort and did not rule out individual bank sanctions if evidence warrants.

3 months ago
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