U.S. to say Indian refineries help make Russia oil price cap work [Video]
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U.S. to say Indian refineries help make Russia oil price cap work [Video]

The G7 price cap on Russian oil shipments is cutting the revenue that Moscow has available to support its invasion of Ukraine, and the mechanism’s effectiveness is helped by the recent actions of Indian refiners, U.S. officials will say in New Delhi on Thursday, according to prepared remarks.

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.

“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.

India has been one of the top consumers of Russian oil since Western sanctions have shifted the market for the crude from …

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GRAPHIC WARNING: Multiple Russian strikes on Kharkiv kill at least 11 | REUTERS [Video]
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GRAPHIC WARNING: Multiple Russian strikes on Kharkiv kill at least 11 | REUTERS [Video]

Russian strikes killed at least 11 people, including a pregnant woman, and injured 25 others in two separate attacks in Ukraine's northeastern Kharkiv region, local officials said. #News #Reuters #Newsfeed #world #UkraineCrisis #RussiaUkrainewar #Ukraine #Russia #Kharkiv #strikes Read the story here: https://reut.rs/3yq4IRL👉 Subscribe: http://smarturl.it/reuterssubscribeKeep up with the latest news from around the world: https://www.reuters.com/Follow Reuters on Facebook: https://www.facebook.com/ReutersFollow Reuters on Twitter: https://twitter.com/ReutersFollow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

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