Stay updated with breaking news from Anna Morris. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The U.S. Treasury officials, Eric Van Nostrand, assistant secretary for economic policy, and Anna Morris, acting assistant secretary for terrorist financing, will make the remarks at an event held by the Ananta Aspen Centre in New Delhi, the Treasury told Reuters on Wednesday.
India S Reliance Industries: "We know that the Indian economy has much at stake in the Russian oil trade, and has much at stake from the global supply disruptions that the price cap is designed to avoid," the officials will say.
(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most Korea War ScenariosTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionTSMC Facilities to Resume Production Overnight After QuakeA Million Simulation
Russian Oil: Two US officials are coming to India to urge India to maintain the implementation of oil price cap. In 2023, Russia had emerged as India's top oil supplier. India has strong economic and defence ties with Russia and has refrained from criticising Moscow over its war with Ukraine.
The US Assistant Secretary for Economic Policy said the price cap was met with considerable skepticism in 2022, but over the year following its announcement, the US and its international coalition were pleased with the effectiveness of the policy