Biden-Modi govt discuss price cap on Russian energy imports; Bid to pressurise Putin amid war

The United States has begun discussions with India on the modalities and implications of a price cap on Russian energy imports. US national security adviser Jake Sullivan said that at G7 summit in Germany this week, leaders floated the idea of imposing price caps on Russian energy imports and instructed their concerned ministers to work out the details. The move is a part of the West’s effort to meet dual objectives: deprive Russia of revenue from energy exports - seen as a key source of its war financing efforts in Ukraine, while ensuring that the global energy market stabilises. India has maintained that it would do what it thinks is best in interest of its own energy security. Watch this report for more details.

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[wisdombites]

Russia winning the fight against the US is good for India. US has been treating India like nobody and they will do that again if US is unchallenged by Russia .

[shaantalk]

At the same time, lets also put a price cap on US weapons.

[prachetan]

What a sovereign country does internally and externally unless it does not harm other nations is their own business..

[sunilchand]

Yes all US engineered to protect their interest. This is another way to take out the Russian oil from the market and limit supply to large consumers so oil prices remain high, inflation upwards, so that interest rates can be raised to prevent the debt based monetary system from collapse. The collapse of the debt based monetary system would mean loss of USD as a reserve currency and consequently US hegemony over the world.

[konathalagopi]

India can able take own decisions. Russia provides cutting edge technology to indian in weapons but western only buy no teansfering any technology. Every one know this.

[fancyflavour]

US is not a buyer or seller then who tf is he to decide what price should we buy or he sell.

[vinayakbhat]

Put the price cap on America selling weapons to developed countries

[subhashishpanda]

Russia has said if anyone puts price cap on oil they will immediately cut off all supply to that country. India won't sacrifice itself to make America great

[ankitvidlogs]

Nonsense. Why would Russia sell at lower price? If buyer and seller are ready to pay agreed amount, 3rd party doesn't matter. Payment systems, insurance, and other institutional restrictions won't work.

[udaypai]

Economic engine in West has stopped, they want your engine to be stopped, Choice is yours

[johnlockett]

Of course Russia will agree with the price cap. The question is if Russia doesn't sell oil at all, which country will provide the oil Russia produces. The shortest of oil supply will make the price to go up.

[shantiemaharaj]

Pm
Modi is not a stupid man he is a leader amongst leader and knows what’s important for his nation he does not bully any leader he believes in democracy to its core giving all a chance to live peacefully and in harmony he is not hegemonistic but with respect for all our beloved modi ji god bless u sir long live our bharat ma

[nirajshrestha]

Calling others dictator and saying own self holy, never been a bigger dictator as us.

[dennischai]

Russian and US rivalry is no business of India....what India wants is to be friends to everyone likewise Indian and Chinese rivalry is no concern for Elon Musk....what he wants is cheap labour
so he goes to Indonesia..

[avinashviews]

i dnt understand...Russia is seller and India is buyer....they already deal directly....why US inbetween for broker

[gandharvarora]

India should do what is right for India, let the US whine as per usual

[BLUERAY]

Price cap on Russian 🛢? Who are they to decide? Secondly, it is clear what their intention is to keep the oil prices high.

[crazydiamond]

American bullying is the real threat for every Non-Western country. India must reject the American ploy to intervene into the said issue.

[vinayakbhat]

Put the price cap on Saudi Arabia selling oil to other countries

[biswajitbora]

How can USA or NATO or G7 decide what should be the price cap on RUSSIAN oil ?