Yellen won’t rule out sanctions on Chinese banks

US Treasury Secretary Janet Yellen told Reuters on Friday that the US is considering further sanctions on ‘dark fleet’ tankers and would not rule out sanctions on Chinese banks as it seeks to reduce Russia’s oil revenues and Wants access to foreign supplies for this conflict. Ukraine. Yellen said in an interview that the United States and its allies may also consider lowering the price ceiling on Russian oil to $60 a barrel.. Western insurance and ocean services are prohibited on cargoes above this level. The Treasury has already approved individual tankers and their owners to work beyond the price cap and could do more in the area, Yellen added, proposing additional steps in the five weeks before she leaves office. happened “There are many possibilities. We don’t preview sanctions, but we always look at oil revenuesAnd if we can find ways to further undermine Russian oil revenues, that, I think, will strengthen Ukraine’s hand. on our list,” Yellen said.