Treasury Sec. Yellen: Policy against Russian oil shows ‘clear signs’ of effectiveness #shorts

So far, we see clear signs that our policy is working to reduce Russian revenues and stabilize global energy markets. Even as global oil prices have remained relatively stable over the past few months, Russian oil prices have fallen substantially. Last month, the Kremlin's oil revenue was nearly 60% lower than in the immediate aftermath of the invasion. We have continued to see emerging markets negotiate steep discounts on Russian oil, which keeps oil on the global market but sharply reduces the Kremlin's take.

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