The US Treasury has initiated an initiative to create a coalition of countries imposing sanctions against Russia

She came up with such an initiative during a discussion organized at the site of The New York Times.

“In my opinion, we need a fairly large group of countries that would agree to impose sanctions against Russia.

The creation of such a coalition is necessary to make sanctions more effective on a global scale, ”RIA Novosti quotes her. 

At the same time, she acknowledged that the sanctions imposed against Russia lead to an increase in food and fuel prices in the US market.

In addition, Yellen said earlier that inflation in the United States remains at an unacceptably high level, despite the measures taken by the American administration.

Member of the US House of Representatives Rick Allen expressed the opinion that the rise in fuel prices in the country is not related to the actions of the Russian authorities, but to the policies of President Joe Biden and his administration.

Prior to this, US Oil and Gas Association President Tim Stewart announced the worst energy crisis in the country in half a century.