Yellen warns against violating Russia sanctions during SA stop of Africa Tour | News24

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Yellen warns against violating Russia sanctions during SA stop of Africa Tour | News24
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US Treasury Secretary Janet Yellen said she had discussed economic sanctions on Russia over its invasion of Ukraine in every stop on her Africa tour and she was hopeful an agreement on the next Russian oil price cap could be reached soon.

Yellen was wrapping up a three-country visit to Africa that is aimed at deepening US economic ties with the continent and countering China's long dominance of trade and lending with many African nations.

"I am encouraged we will be able to come to agreement by February 5," the date a European Union ban on importing Russian refined products goes into effect, she said. Asked whether a strongly-worded comment from the Chinese embassy in Zambia lowered the prospects for reaching agreement with China on accelerating sovereign debt restructurings, Yellen said her views about the constructive nature of recent talks with China had not changed.

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