Oil productionWASHINGTON, Apr 6 A total ban on Russian oil imports would lead to a surge prices, Treasury Secretary Janet Yellen said. «The issue is that many countries, especially in Europe, depend on it, we would probably see prices skyrocketing if we imposed a total oil ban,» Yellen said in a statement. Committee of the House of Representatives. According to Yellen, when developing sanctions against the Russian Federation, the United States «wanted to deliver as much pain to Russia as possible, but also to make sure that there was no unwanted pain for the Americans and partners.» She stressed that if the US administration succeeds in convincing the country's oil companies of the need to increase production, sanctions could be tightened. «If we succeed in this, it will be possible to impose tighter restrictions on Russia,» Yellen said. for oil refining
