Having "Intensive Engagement" With Nations On Russian Oil Price Cap: US
NDTV
The G-7 leaders -- representing the US, Germany, France, Italy, the UK, Canada and Japan -- in a joint statement on Tuesday said they would explore far-reaching steps to cap Russia's income from oil sales that are financing its war with Ukraine.
The US has said it is having "intensive engagement" with key oil consuming countries, including India, on the specifics of how a price cap on Russian oil imports would work, but the issue was not discussed at the level of President Joe Biden and Prime Minister Narendra Modi during the recent G7 Summit.
The G-7 leaders -- representing the US, Germany, France, Italy, the UK, Canada and Japan -- in a joint statement on Tuesday said they would explore far-reaching steps to cap Russia's income from oil sales that are financing its war with Ukraine.
US National Security Advisor Jake Sullivan on Tuesday said ministers have now been tasked by the leaders to work on the specifics of how a price cap on Russian oil would actually work.
Responding to a question from the media on whether there were discussions with Prime Minister Modi on India's purchase of Russian oil during the G7 Summit in Germany, Mr Sullivan said, "One aspect of that, of course, is intensive engagement with key consuming countries. India is one of those countries. That engagement has begun.
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