U.S. Undersecretary of the Treasury Adiemo has spoken with Indian policymakers on how to jointly address global challenges such as food insecurity and high energy prices, saying that ending Russia’s aggression in Ukraine is the only way to address these issues. claimed to be important.
Adeyemo met on Friday with Finance Minister Nirmala Sitharaman, Prime Minister PK Mishra’s chief secretary, Finance Minister Ajay Seth, Foreign Minister Vijay Kwatra and Oil Secretary Pankaj Jain.
The US official’s visit to India from August 24 to 26 came amid growing anxiety among Western countries over New Delhi’s increased procurement of crude oil from Russia.
Adiemo shared with his counterparts the US view on how to “put downward pressure” on energy prices for consumers and businesses in India, the US and around the world, according to a US Treasury Department statement.
He also stressed the importance of further deepening the already strong India-US relationship through platforms such as the Quad and the Indo-Pacific Economic Framework.
“Deputy Secretary Adiemo will maintain a free and open Indo-Pacific that will bring greater prosperity to its citizens through these efforts, including measures to strengthen the resilience of supply chains between trusted partners like the United States and India. We emphasized what we can do,” he said. According to the US Embassy here,
In May, the United States launched the Indo-Pacific Economic Framework for Prosperity (IPEF) to increase cooperation among like-minded countries in areas such as clean energy, supply chain resilience and digital trade.
“The deputy secretary also discussed how the United States and India can work together to address common global challenges such as food insecurity and high energy prices. said it was important to address the issue,” the readout said. .
Adeyemo said, “Although we are working with partners like India to expand access to renewable energy sources that will reduce our dependence on fossil fuels in the long term, we are confident that the global energy market will remain well-supplied. He reiterated the importance of
The US, along with other G7 countries, is considering imposing some kind of price cap on Russian oil as oil prices soar above US$100 a barrel.
Adeyemo told media on Friday that Russia’s trade in energy and food grains is exempt from sanctions and countries like India are free to conclude deals using any currency, including local currencies. rice field.
(Only the headlines and photos in this report may have been modified by Business Standard staff. The rest of the content is auto-generated from syndicated feeds.)
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