China News Agency, Washington, July 8 (Reporter Sha Hanting) The U.S. Treasury Department announced on the 8th local time that Treasury Secretary Yellen will visit Japan and South Korea next week and attend the G20 (G20) in Bali, Indonesia. G20) Finance Ministers Meeting.

　　This will be Yellen's first trip to Asia since she was Treasury secretary.

According to US media reports, the first task of Yellen's visit is to seek support from allies in setting a price ceiling on Russian oil.

The U.S. hopes to limit Russia's oil prices to reduce Russia's revenue from oil, and at the same time not to exclude Russia from the international oil market.

　　Yellen will visit Japan on July 12-13, attend a meeting of G20 finance ministers in Bali on July 15-16, and visit South Korea on July 19, according to a Treasury Department statement.

　　The statement added that Yellen's visit to Asia is intended to strengthen U.S. leadership in the region, and will seek to expand economic sanctions against Russia, as well as discuss some of the current global issues.

　　At the Group of Seven (G7) summit held a week ago, G7 leaders agreed to reduce their reliance on Russian energy and tentatively agreed to limit Russian oil and natural gas prices, such as restrictions on Russian crude oil and petrochemicals that exceed the limit. Provide insurance and transportation services, etc.

　　According to Reuters, citing a U.S. Treasury Department official, the U.S. is currently in contact with a number of countries to try to reach an agreement on a “price cap” for Russian oil, and “good progress” has been made.

But some experts questioned that if India, China and other major Russian oil "customers" disapprove, the move will have little effect.

　　In addition, Bloomberg believes that the yen exchange rate will also become an important topic of Yellen's visit to Japan.

In recent weeks, the yen has fallen to its lowest level against the dollar since 1998, and the depreciation of the yen has eroded the purchasing power of Japanese households and raised concerns among Japanese authorities.

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