Yellen: Oil Price Cap Cuts Russia Revenue, U.S. to Keep Supporting Ukraine Against Russia

U.S. Treasury Secretary Janet Yellen said the G7 oil price cap on Russia has sharply cut its revenues over the past 10 months.

Yellen said the price cap has reduced Russia's revenue while promoting stable energy markets.

She said the U.S. will ensure Ukraine continues receiving assistance needed to win the war against Russia.

Yellen condemned the deadly attack in Israel and said the U.S. will monitor global economic impacts.

She will meet with China's central bank chief in Morocco amid U.S. efforts to address global challenges.