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Yellen: Europe faces 'serious economic strains'

Janet Yellen, United States Treasury Secretary

© APA | Janet Yellen, United States Treasury Secretary

# 14 October 2022 23:38 (UTC +04:00)

United States Treasury Secretary Janet Yellen  acknowledged Friday that Europe is facing "serious economic strains," APA reports citing Teletrader.

Responding to questions during a press conference at the IMF, the secretary stressed that the dollar's strength against other currencies reflects differences between economies and disparities in the impact of the current crisis.

Commenting on the Ukrainian war, she added that no decision had been made yet on the Russian oil price cap level. However, she emphasized that Moscow "should not benefit" from its war against Ukraine.

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