12/8/2022, 10:04 PM (Source: TeleTrader)
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Yellen: Russia not involved in Turkey's move to block ships

United States Treasury Secretary Janet Yellen (pictured) stated Thursday that there are no reasons to believe that Moscow was involved in Turkey's decision to block the ships from transiting to the Mediterranean. The United States is currently in conversations with Turkey to try to manage the situation, said Yellen.

Her comments come after a group of tankers anchored near Turkey's Bosphorus and the Dardanelles, with also Russia expressing concerns over that fact.

Reflecting on the economy, the treasury secretary told reporters that the US could avoid recession, given that there is no wage-price spiral and supply chain bottlenecks are starting to ease.

Baha Breaking News (BBN) / JG