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3/25, 1:24 PM (Source: TeleTrader)
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Yellen: Sanctions on China not appropriate

United States Treasury Secretary Janet Yellen estimated on Friday that it would not be "appropriate" to impose sanctions on China as Russia's partner over the conflict in Ukraine. However, she said sanctioning Russian oligarch Roman Abramovich "remains a possibility."

Yellen added the crisis will affect global growth over the next year and expressed concern about countries dependent on wheat, as both Russia and Ukraine are major wheat exporters. She told CNBC it is "conceivable" that the price of oil could increase further and that global growth will also be influenced by energy and commodity prices.

Baha Breaking News (BBN) / DJ