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اردو

Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

World

Russian oil price cap will ease inflation, harm Moscow’s finances, Yellen says

Reuters Published September 2, 2022

WASHINGTON: U.S. Treasury Secretary Janet Yellen said that a price cap on Russian oil agreed by Group of Seven (G7) finance ministers on Friday would help fight inflation while delivering a blow to Moscow’s ability to finance its war in Ukraine.

The price cap helps achieve “our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine,” Yellen said in a statement.

Yellen ‘optimistic’ on deal to set price cap on Russian oil

Janet Yellen G7 Russian oil G7 leaders

Comments

Comments are closed.

samir sardana Sep 07, 2022 08:14pm

LIKE I SAID ON "https://www.brecorder.com/news/40164316/oil-prices-dive-as-us-considers-record-reserves-release" ON APR 01, 2022 04:17AM "The aim is to reduce and stop Russian Oil sales to EU and also TO REDUCE THE OIL RATES FOR RUSSIA !" THE AIM OF RUSSIAN SANCTIONS ETC.IS TO SRANGULATE RUSSIA EVEN THE US FED HIKES ARE TO KILL OIL - NOT INFLATION ! TARGET = RUSSIA ! SINCE BRENT IS NOT FALLING - SO THE OIL CAP US = ZUBIN MEHTA THE COMPOSER ! AT EOD - EU WILL BUY OIL AND GAS FROM US OR QATAR (US ALLY). SO US IS HAVING A BALL, AND YELLEN IS SMILING ! PUTIN WILL ALSO NEED TO TAKE DRASTIC STEPS - AS, THE LONGER THE WAR LASTS - THE WORSE IT WILL BE FOR RUSSIA AND ITS MILITARY - FATIGUE AND MONTONY OF WAR !SO NEW WEAPONS WILL NEED TO BE USED = DRASTIC ESCALATION ! dindooohindoo

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Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

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S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

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Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 25	248.38
Crude Oil USD/Barrel / Nov 25	70.68
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Gold Spot USD/Ounce / Nov 25	2,664.27
Diesel/Litre / Nov 25	255.14

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786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
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AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
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Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
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