US not to slap sanctions for Russian oil above price cap

WASHINGTON, Oct 12 (PRIME) -- The U.S. sees no need to impose secondary sanctions on the countries that will buy Russian oil at a price above the cap set by the Group of Seven leading industrial nations, U.S. Deputy Secretary of the Treasury Wally Adeyemo said on Wednesday in a conference.

The U.S. wants to create economic stimuli so that Russian oil continues to flow to the global market, while prices for the consumers and Russia’s revenue fall, he said.

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