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India to tell US that Russia oil price cap needs broader consensus: Report

The South Asian nation, which has emerged as one of the biggest buyers of Russian oil since the invasion of Ukraine, is hesitant to join the plan unless a consensus is reached with all buyers

Oil, Oil prices
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The coalition for putting a price cap on Russian oil has broadened and a number of countries have joined, Adeyemo said at an event in Mumbai on Wednesday

Sudhi Ranjan Sen and Debjit Chakraborty | Bloomberg
India will seek broader consensus before it supports US-led efforts to cap the price of Russian oil, which American officials are expected to push for this week when they travel to Mumbai and New Delhi.
 
The South Asian nation, which has emerged as one of the biggest buyers of Russian oil since the invasion of Ukraine, is hesitant to join the plan unless a consensus is reached with all buyers, according to people familiar with the matter, asking not to be identified because the deliberations aren’t public. 

That message will likely be conveyed to US Deputy Treasury Secretary Wally Adeyemo

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First Published: Aug 24 2022 | 8:51 PM IST

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