Yellen: US, Allies Discussing Russian Oil Price-Cap Plan

Bloomberg Markets and Finance published this video item, entitled “Yellen: US, Allies Discussing Russian Oil Price-Cap Plan” – below is their description.

Treasury Secretary Janet Yellen says the US and its allies are continuing discussions on they might cap the price of Russian oil exports. The US and Canada have banned imports of Russian oil while the European Union has agreed to prohibit seaborne imports of Russian crude in six months. Yellen spoke during a press conference in Toronto alongside Canadian Finance Minister Chrystia Freeland. (Excerpts)

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Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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