Yellen says energy difficulties could push Europe into recession | Forexlive

US Treasury Secretary Yellen, wide ranging comments.

• She and Biden will push for actions at G20 summit to support
  debt-burdened developing countries
• Says US Will impose
  new sanctions on trans-national network procuring technology for
  Russian military industrial complex
• Sanctions on Russian
  military technology will designate 14 individual, 28 entities
• US Treasury
  responsible for implementing tax rules on US Clean energy subsidies,
  will try to address concerns of France, other countries
• Widely expected that
  China’s economy will slow over time
• Hoping that as
  result of biden-xi meeting, US and China will engage more intensively
  on economic issues
• Europe energy
  difficulties could precipitate a recession
• Says she and le
  Maire reaffirmed their commitment to Russian oil price cap, will
  determine price level in coming weeks
• the price cap is a benefit to China, India, and other buyers of Russian oil