Representatives of the United States and India held a discussion on the issue of limiting prices for Russian oil. This was announced on Friday by US Deputy Secretary of the Treasury Wally Adeyemo, reports "

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The proposal to cap Russian oil prices aims to cut oil revenues that Moscow is using to finance its invasion of Ukraine, while at the same time ensuring sufficient global supply at affordable prices, Adeyemo said..

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“This will allow you to continue using European and American services. for the purchase and transportation of Russian oil,” he said.

Adeyemo said fighting inflation is a priority for the United States and that the country also wants to ensure that global oil markets are adequately supplied..

“We are very concerned that on December 5, access to Russian oil for the whole world will decrease, which could potentially lead to higher prices,” Adeyemo said..

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Recall that the G7 countries are striving to introduce a mechanism to limit prices for the export of Russian oil by December 5, when the sanctions of the European Union will come into force, prohibiting sea imports of Russian oil..

India and China have increased their purchases of oil from Russia at below-market prices since the invasion of Ukraine, while Western sanctions have pushed global inflation to its highest level in years and hurt the profits of European and American companies linked to the Russian oil trade..