An international agreement to impose a price cap on Russian oil exports The U.S. still remains 'a ways away' from reaching an international agreement to impose a price cap on Russian oil exports, with limited enthusiasm from the world's largest energy buyers India and China, so far, a Senior Biden energy advisor said.  But Amos Hochstein, Special Coordinator for International Energy Affairs for President Biden, said he remains optimistic that Russia would ultimately continue its output despite a price limit, in large part because 'their economy has nothing else.' "We already are seeing evidence in the market that Russia is selling its oil at a significant discount. So we wanna put that max," Hochstein told Yahoo Finance. "So we know that they're willing to sell it at a discount in order to be able to sell it, because frankly they have cash in the bank, that is true, but they don't have anything else."

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