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U.S. DEPARTMENT OF THE TREASURY
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting
with United Kingdom Chancellor of the Exchequer Jeremy
Hunt
November 9, 2022

Yesterday, Secretary of the Treasury Janet L. Yellen spoke with United Kingdom Chancellor of
the Exchequer Jeremy Hunt. Secretary Yellen highlighted the importance of the longstanding
U.S.-UK bilateral relationship and congratulated Chancellor Hunt on his appointment. She
discussed finalizing and implementing a price cap on Russian oil to put downward pressure
on global energy prices while denying Russia revenue to fund its brutal war, and highlighted
the importance of collectively supporting Ukraineʼs economic assistance needs. The
Secretary also discussed e�orts to support the global economy and strengthen supply
chains.
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