economy and politics

US: OPEC oil cuts are bad for world economy

US: OPEC oil cuts are bad for world economy

US Treasury Secretary Janet Yellen said the OPEC+ group’s decision to cut oil production was “futile and reckless” for the world economy, especially emerging markets, the report said on Sunday. Financial Times.

“We are very concerned about developing countries and the problems they face,” Yellen told the newspaper in an interview.

He also criticized allies for being slow to send financial aid to Ukraine.

“The pace of money transfer to Ukraine is too slow,” Yellen added, noting that some countries that had pledged assistance had not disbursed it.

Connect with the Voice of America! Subscribe to our channel Youtube and turn on notifications, or follow us on social media: Facebook, Twitter and Instagram.



Source link