New Delhi, April 5 -- The US has not asked India to reduce its imports of Russian oil and the price cap and sanctions regime imposed by the G7 are aimed at squeezing Moscow's profits from crude sales and impeding its ability to finance the war in Ukraine, two US officials said on Thursday.
The US officials, speaking after meetings to brief their Indian counterparts on the second phase of implementing the price cap which came into effect in December 2022, said the focus will now be on channels created by Russia to export crude without using Western service providers for shipping or insurance.
US assistant secretary for economic policy Eric Van Nostrand and acting assistant secretary for terrorist financing Anna Morris were asked during an ...