10.08.2022
Chicago 11, Melborne City, USA
Finance

The head of the US Treasury recognized the impact of anti-Russian sanctions on rising prices in the country

Restrictions on Russian oil could affect inflation in the US, primarily on gasoline prices. This was announced on June 9 by the US Secretary of the Treasury Janet Yellenspeaking at The New York Times online event.

“The ban on Russian oil insurance could have had an impact,” she said, commenting on the causes of inflation in the US, in particular the rise in gasoline prices.

Yellen also noted that prices were rising even before the start of the Russian special military operation, as “the effect of the recovery from the pandemic affected.”

At the same time, Yellen noted that sanctions against Russia will remain in force.

“US and EU sanctions have had a huge impact on Russia and they will continue,” the finance minister said.

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