Can Yellen Convince Asia To Put A Price Cap On Russian Oil?

U.S. Treasury Secretary Janet Yellen will seek support for the U.S. idea of capping Russian export crude oil prices during an upcoming visit to Asia next week, the Associated Press has reported. Yellen will participate in the G20 meeting of finance ministers in Indonesia and also travel to Tokyo and Seoul to make a case for an oil price cap. China is not on her itinerary, the report noted, but Yellen has called on China to use its special relationship with Russia to bring a faster end to the war in Ukraine. The Russian oil price cap was one of…