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Janet Yellen Begins Asia Trip to Win Support for Cap on Russian Oil Price

TOKYO—Treasury Secretary Janet Yellen has embarked on a world lobbying blitz for a proposal she says will stave off a worldwide recession, working to deal with technical and diplomatic challenges to her plan to cap the price of Russian oil.

The objective of the proposed worth cap, which Ms. Yellen has been championing for months, is twofold: bring energy prices down by conserving Russian oil flowing to the worldwide market and limit the revenue Russia derives from the gross sales.

Related Topics:Asia begins C&E Exclusion Filter C&E Industry News Filter cap commodity Commodity Markets Commodity/Financial Market News Content Types corporate Corporate/Industrial News Crude Oil Markets Domestic Politics Earnings Energy Energy Markets Executive Branch Factiva Filters Finance Finance/Treasury Department financial market news Financial Performance general news Government Bodies industrial news International Relations Janet Janet Yellen Oil political Political/General News Politics Politics/International Relations Price Russian Sales Figures support SYND Treasury Department trip Ukraine win World news WSJ-PRO-WSJ.com Yellen

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