India can buy as much Russian oil as it wants, outside price cap, Yellen says

The cap would still drive global oil prices lower while curbing Russia's revenues, Yellen said in an interview with Reuters on the sidelines of a conference on deepening U.S.-Indian economic ties. Russia will not be able to sell as much oil as it does now once the European Union halts imports without resorting to the capped price or significant discounts from current prices, Yellen added.

from Energy-Industry-Economic Times https://ift.tt/X5k1n4S