Additionally, they highlighted that Indian buyers can procure Russian crude above the $60 per barrel price cap if they opt out of Western shipping and maritime services.
Speaking to journalists at the Ananta Aspen Centre in Delhi, Anna Morris, assistant secretary for terrorist financing and financial crimes, and Eric Van Nostrand, assistant secretary for economic policy of the US Department of the Treasury, explained that the existing price cap regime aims to limit Russia's ability to sell oil at inflated prices.
This story is from the April 05, 2024 edition of Business Standard.
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This story is from the April 05, 2024 edition of Business Standard.
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