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  • Bursa Malaysia Announces Winners Of Bursa Inter-Varsity Stock Challenge 2022

    Date 03/12/2022

    Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”), today announced the winners of the Bursa Inter-Varsity Stock Challenge 2022. The Bursa Inter-Varsity Stock Challenge is part of Bursa Malaysia’s on-going commitment to engage, educate, and empower a new generation of informed future investors.

  • Statement By US Secretary Of The Treasury Janet L. Yellen On The Announcement Of The Russian Oil Price Cap

    Date 02/12/2022

    Secretary of the Treasury Janet L. Yellen released the following statement following the announcement of the price cap.

    “Together, the G7, European Union, and Australia have now jointly set a cap on the price of seaborne Russian oil that will help us achieve our goal of restricting Putin’s primary source of revenue for his illegal war in Ukraine while simultaneously preserving the stability of global energy supplies. Today’s announcement is the culmination of months of effort by our coalition, and I commend the hard work of our partners in achieving this outcome."

  • US Treasury Fact Sheet: Limiting Kremlin Revenues And Stabilizing Global Energy Supply With A Price Cap On Russian Oil

    Date 02/12/2022

    Following agreement by the 27 Member States of the European Union (EU), the members of the G7 (the United States, Canada, France, Germany, Italy, Japan, and United Kingdom) and Australia (collectively, the “Price Cap Coalition”) are joining the EU in adopting a price cap of $60/barrel on seaborne crude oil of Russian Federation origin. The price cap is an important tool to restrict the revenue Russia receives to fund its illegal war in Ukraine, while also maintaining a reliable supply of oil onto global markets. This policy is especially critical to make oil supplies available in low- and middle-income countries hit hard by the effects of Russia’s war.

  • Statement Of The G7 And Australia On A Price Cap For Seaborne Russian-Origin Crude Oil

    Date 02/12/2022

    1.The G7 and Australia, as current members of the Price Cap Coalition, on 2 December 2022 reached consensus on a maximum price of 60 U.S. dollars per barrel for seaborne Russian-origin crude oil in line with the unanimous decision by Member States of the European Union to endorse a price level for the price cap on seaborne Russian-origin crude oil. 

  • Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With French Finance Minister Bruno Le Maire

    Date 02/12/2022

    Earlier today, U.S. Secretary of the Treasury Janet L. Yellen met with French Finance Minister Bruno Le Maire. Secretary Yellen expressed her appreciation for Minister Le Maire and France’s close cooperation on actions that will deprive the Kremlin of revenues it needs to wage its illegal war on Ukraine.  Secretary Yellen affirmed the shared commitment to a strong partnership on energy security; climate ambition; global taxation; and resilient, reliable supply chains, including with other European partners.

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