2 chapters across the catalog
Victoria Nuland described Russia as a "pariah state" that has become increasingly dependent on Iran and North Korea for weapons. She admitted that the Russian government has been "wily" in finding ways to evade international sanctions over the past six months. The U.S. is now targeting "sanctions evaders" and attempting to "staunch" the Russian industrial complex through a massive new package of restrictions.
Treasury Secretary Janet Yellen defended the $60-per-barrel price cap on Russian oil during the G20 summit in India. Despite reports of Russia selling oil above the cap using non-Western insurance and shipping services, Yellen claimed the policy has successfully reduced Russian revenues by 44%. Critics argue the fungible nature of oil makes such sanctions largely ineffective in a global market.
