Brief by Shorts91 Newsdesk / 05:19am on 04 Apr 2024,Thursday India Global
Two senior US treasury officials visit India to emphasize the importance of maintaining the implementation of the oil price cap aimed at limiting profits to Russia. Acting Assistant Secretary Anna Morris and PDO Assistant Secretary Eric Van Nostrand discuss bilateral issues, including anti-money laundering efforts and countering financing of terrorism. The price cap, implemented by G7 nations and allies post-Russia's Ukraine invasion, aims to curb Russian profits while ensuring stable global energy markets. Despite India's strong ties with Russia, it's urged to uphold the cap amid evolving geopolitical dynamics.
