WASHINGTON: A top Treasury Department is officially set for next week to make its first official trip to India since its inception RussiaUkraine’s invasion.
Amid tensions over India’s neutral stance on the invasion that began in late February, the US wanted the meetings to focus on how to deepen ties with the South Asian nation. this.
Deputy Finance Minister Wally Adeyemo will travel to Mumbai and New Delhi for meetings including Prime Minister Narendra Modioffice, ministry of finance, Reserve Bank of Indiaand the Ministry of Petroleum and Natural Gas.
And when India will lead the Group of 20 intergovernmental forums in 2023, Treasury Adeyemo said it would “discuss key shared priorities such as enhancing energy security, addressing food insecurity globally, and combating illicit financial flows.”
India has not alienated Russia despite being a member of the regional Quad alliance with the US, Australia and Japan, instead maintaining business ties with Russia, dependent on the Kremlin for energy and other services. other export items.
The country has ramped up its purchases of Russian oil, buying about 60 million barrels in 2022 so far, compared with just 12 million in all of 2021, according to the commodity data firm, according to commodity data firm Kpler. Kpler.
Amid tensions over India’s neutral stance on the invasion that began in late February, the US wanted the meetings to focus on how to deepen ties with the South Asian nation. this.
Deputy Finance Minister Wally Adeyemo will travel to Mumbai and New Delhi for meetings including Prime Minister Narendra Modioffice, ministry of finance, Reserve Bank of Indiaand the Ministry of Petroleum and Natural Gas.
And when India will lead the Group of 20 intergovernmental forums in 2023, Treasury Adeyemo said it would “discuss key shared priorities such as enhancing energy security, addressing food insecurity globally, and combating illicit financial flows.”
India has not alienated Russia despite being a member of the regional Quad alliance with the US, Australia and Japan, instead maintaining business ties with Russia, dependent on the Kremlin for energy and other services. other export items.
The country has ramped up its purchases of Russian oil, buying about 60 million barrels in 2022 so far, compared with just 12 million in all of 2021, according to the commodity data firm, according to commodity data firm Kpler. Kpler.
