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The U.S. Believes India Will Benefit From A Price Cap On Russian Oil

The United States hopes that India could see the benefits of a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen told news outlet PTI in an exclusive interview ahead of her trip to India at the end of this week. Secretary Yellen’s visit to India on November 11 could be crucial to the U.S.

and G7 efforts to persuade the world’s third-largest crude oil importer to join the coalition of countries applying the price cap on Russian oil. “Our objective is to hold down the price that Russia receives for its oil and keep…

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