- India, the world’s third-largest oil importer which has significantly boosted imports of Russian oil in recent months, is expected to tell U.S. officials this week that it could join a global coalition of setting a price cap on Russia’s oil only if there is a broad consensus on the issue, sources with knowledge of the situation told Bloomberg on Wednesday.
- The U.S. and the G7 group of the world’s most industrialized nations are leading efforts to impose a price cap on Russian oil.
- U.S. Deputy Treasury Secretary Wally Adeyemo is traveling to India this week, where he will discuss the price cap on Russian oil, among other things.
India Seeks Consensus Before Committing To Russian Oil Price Cap
