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Yellen says sanctions over Ukraine war limiting China’s ability to buy Russian oil -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO Janet Yellen (U.S. Treasury Secretary) attends UN Climate Change Conference in Glasgow, Scotland on November 3, 2021. REUTERS/Phil Noble

WASHINGTON (Reuters), – U.S. Treasury secretary Janet Yellen claimed on Thursday that Russia’s financial sanctions had limited China’s ability buy Russian oil. Beijing is not “meaningfully countering or lessening” the Moscow sanctions.

“My feeling is that China’s financial institutions do business both in USD and EUR, so I am concerned about the effects of sanctions,” Yellen told Washington Post Live.

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