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After the G-7 summit, the US has said that it is in close consultation with the world’s oil importing countries on how placing a price cap on oil imports can help the world. Is? However, the US has also made it clear that during the G-7 summit there has been no conversation between US President Joe Biden and Indian Prime Minister Narendra Modi in this regard.
The heads of state of the G-7 countries, which include the US, Germany, France, Italy, Britain, Canada and Japan, issued a joint statement on Tuesday, saying that they would use the proceeds from selling Russia’s oil to fight Ukraine. Quick and concrete steps will be taken to curb it.
US National Security Adviser Jake Sullivan said on Tuesday that leaders have asked ministers to prepare a blueprint for how imposing a price cap on oil exports from Russia could prove beneficial.
When asked whether there was any discussion on India’s oil purchase from Russia between India’s PM Narendra Modi and US President Biden during the G-7 meeting? US official Sullivan replied that it is true that we are in talks with countries that buy oil from Russia and they include India. We have discussed with India how the imposition of a price cap on oil imports from Russia will work and what could be its disadvantages? But this conversation took place at the diplomatic level. The issue has not yet been discussed between the top leaders of the two countries.
Let us tell you that during the G-7 summit in Germany, Indian Prime Minister Narendra Modi and US President Joe Biden were seen warmly greeting each other during the group photo session.
In his address during the G-7 summit, Indian Prime Minister Modi had emphasized that access to energy should not be the prerogative of only the rich, a poor family also has an equal right on energy. Referring to the Ukraine war, he said that the impact of this war is no longer limited only to Europe, but it is affecting the whole world. Rising fuel and food prices are affecting people all over the world.
Let us tell you that India is the third largest oil importer and consumer country in the world. When the whole world was imposing sanctions on Russia due to waging war with Ukraine, India had decided to buy oil from Russia at cheap prices. During that time it was also seen that many European countries were imposing sanctions on Russia on one hand, while on the other hand they were also buying fuel from it.