A US Treasury Department official said on Friday that “the Treasury continues to discuss with coalition partners to limit the price of Russian oil to set the level“.
Additional comments
The G20 will discuss the weakening of the world economy, the effects of national economic policies, debt restructuring and food security.
US is not pressuring India to cut Russian oil importsIndia will benefit from lower prices due to the cap.
US Treasury Secretary, Janet Yellen will travel to India and the G20 summit in Bali next week.
Yellen will try to deepen economic ties between the US and Indiaand will discuss the G20 presidency for 2023.
Asked if Yellen will meet with her Chinese counterpart in Bali, the official said Treasury has no specific meetings to announce, but will engage with Chinese authorities in the future.
Source: Fx Street
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