The commitments of the US and Cyprus to apply further sanctions on Russia over the war in Ukraine was the main topic during a communication between the Finance Ministers of the two countries.
In particular, US Treasury Secretary Janet L. Yellen, and Cyprus' Finance Minister, Konstantinos Petridis, discussed the issue at length and agreed that the goal is to put a price cap on Russian oil to deprive the Kremlin of revenue to finance the war in Ukraine, mitigating the spillover effects on the global economy.
For Yellen's part, it was said that the US desire is to align with the European Union's sixth package of restrictions and to avoid tax evasion.
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