{"id":584823,"date":"2023-06-16T10:07:04","date_gmt":"2023-06-16T04:37:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584823"},"modified":"2023-06-16T11:44:22","modified_gmt":"2023-06-16T06:14:22","slug":"price-caps-on-russias-oil-cutting-revenue-nearly-in-half-says-us-official","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/price-caps-on-russias-oil-cutting-revenue-nearly-in-half-says-us-official\/","title":{"rendered":"Price caps on Russia&#8217;s oil cutting revenue nearly in half, says US official"},"content":{"rendered":"<p>A top Treasury Department official said Thursday that the cap on the price of Russia&#8217;s oil is severely curtailing its greatest source of revenue as it wages war in Ukraine.<\/p>\n<p>When the United States and other economic powers in the Group of Seven, along with the European Union and Australia, last year announced an ambitious plan to cap the price of Russian oil, U.S. officials said it would deliver a crippling blow to Russia&#8217;s economy.<\/p>\n<p>In just six months, the price cap has contributed to a significant decline in Russian revenue at a key juncture in the war, Deputy Treasury Secretary Wally Adeyemo said in remarks Thursday at the Center for a New American Security,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top Treasury Department official said Thursday that the cap on the price of Russia&#8217;s oil is severely curtailing its greatest source of revenue as it wages war in Ukraine. When the United States and other economic powers in the Group of Seven, along with the European Union and Australia, last year announced an ambitious plan to cap the price of Russian oil, U.S. officials said it would deliver a crippling blow to Russia&#8217;s economy. In just six months, the price cap has contributed to a significant decline in Russian revenue at a key juncture in the war, Deputy Treasury [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-584823","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=584823"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584823\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}