In an interview with Reuters on the sidelines of a conference on strengthening U.S.-Indian economic ties, Yellen stated that the cap would still cut world oil prices while reducing Russia's revenues. Once the European Union stops importing, Russia won't be able to export as much oil as it does now without using the cap price or big reductions from present levels, according to Yellen.
At the meeting in Bali, Prime Minister Narendra Modi is scheduled to meet with "a number of" dignitaries and is likely to extend invitations to the 2023 summit when India is hosting.
The Supreme Court will be presided over by Justice DY Chandrachud for two years, or until November 10, 2024.
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