US wants India to join coalition on Russia fuel price cap
Aimed at squeezing revenue streams of Moscow, as part of sanctions post Russia’s invasion of Ukraine, the US on Friday urged India to join a coalition seeking to impose a price cap on Russian oil.
“Indian policy makers are interested in learning more about joining the global price cap coalition to keep Russian fuel prices in check as it is aligned with India’s objective of lowering energy prices for consumers,” US Deputy Secretary of Treasury Wally Adeyemo, who is on a three-day visit to India, told reporters.
Adeyemo met Finance Minister Nirmala Sitharaman and discussed issues pertaining to economic relations between the two nations and measures to limit the earnings of Russia after its invasion of Ukraine.
