{"id":126555,"date":"2022-04-10T16:52:05","date_gmt":"2022-04-10T16:52:05","guid":{"rendered":"https:\/\/fin2me.com\/?p=126555"},"modified":"2022-04-10T16:52:05","modified_gmt":"2022-04-10T16:52:05","slug":"biden-will-speak-to-modi-as-u-s-warns-india-on-imports-of-russian-energy","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/biden-will-speak-to-modi-as-u-s-warns-india-on-imports-of-russian-energy\/","title":{"rendered":"Biden will speak to Modi as U.S. warns India on imports of Russian energy"},"content":{"rendered":"

WASHINGTON (Reuters) -President Joe Biden will meet virtually with Indian Prime Minister Narendra Modi on Monday, the White House said, at a time when the United States has made clear it does not want to see an uptick in Russian energy imports by India.<\/p>

FILE PHOTO: U.S. President Joe Biden meets with India’s Prime Minister Narendra Modi in the Oval Office at the White House in Washington, U.S., September 24, 2021. REUTERS\/Evelyn Hockstein<\/figcaption>

\u201cPresident Biden will continue our close consultations on the consequences of Russia\u2019s brutal war against Ukraine and mitigating its destabilizing impact on global food supply and commodity markets,\u201d Press Secretary Jen Psaki said in a statement on Sunday.<\/p>\n

Daleep Singh, U.S. Deputy National Security Adviser for International Economics, who visited India recently, said the United States will not set any \u201cred line\u201d for India on its energy imports from Russia but does not want to see a \u201crapid acceleration\u201d in purchases.<\/p>\n

Lured by steep discounts following Western sanctions on Russian entities, India has bought at least 13 million barrels of Russian crude oil since the country invaded Ukraine in late February. That compared with some 16 million barrels for the whole of last year, data compiled by Reuters shows.<\/p>\n

This meeting will precede the \u201cU.S.-India 2+2 Ministerial\u201d meeting between U.S. Secretary of State Antony Blinken, U.S. Secretary of Defense Lloyd Austin, India External Affairs Minister Subrahmanyam Jaishankar and India Defense Minister Rajnath Singh, the White House said.<\/p>\n

Biden, who last spoke to Modi in March, recently said that only India among the Quad group of countries was \u201csomewhat shaky\u201d in acting against Russia over its invasion of Ukraine.<\/p>\n

The South Asian nation has tried to balance its ties with Russia and the West but unlike other members of the Quad countries – United States, Japan and Australia – it has not imposed sanctions on Russia.<\/p>\n

Russia has long been India\u2019s biggest supplier of defence equipment despite growing purchases from the United States in the past decade. Defence analysts say Russian supplies are more cost competitive and vital for India as it faces a superior Chinese military.<\/p>\n

Daleep Singh during his visit said the United States was ready to help India diversify its energy and defence supplies. India is the world\u2019s third-biggest oil importer and consumer.<\/p>\n

He also warned that the United States does not want its allies helping resurrect the rouble, which nosedived immediately after the war began but has recovered in recent days.<\/p>\n

Ukraine on Sunday said it was seeking another round of European Union sanctions against Moscow and more military aid from its allies as it braces for a major Russian offensive in the east of the country.<\/p>\n

Russia has failed to take any major cities since it launched its invasion on Feb. 24 but Ukraine says it has been gathering its forces in the east for a major assault and has urged people to flee.<\/p>\n

Moscow has rejected accusations of war crimes by Ukraine and Western countries. It has denied targeting civilians in what it calls a \u201cspecial operation\u201d to demilitarise and \u201cdenazify\u201d its southern neighbour. Ukraine and Western nations have dismissed this as a baseless pretext for war.<\/p>\n

Biden and Modi will also discuss cooperation on a range of issues including ending the COVID-19 pandemic, countering the climate crisis, strengthening the global economy, and upholding a free, open, rules-based international order to bolster security, democracy, and prosperity in the Indo-Pacific, Psaki said.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON (Reuters) -President Joe Biden will meet virtually with Indian Prime Minister Narendra Modi on Monday, the White House said, at a time when the […]<\/p>\n","protected":false},"author":3,"featured_media":126554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBiden will speak to Modi as U.S. warns India on imports of Russian energy - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/biden-will-speak-to-modi-as-u-s-warns-india-on-imports-of-russian-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden will speak to Modi as U.S. warns India on imports of Russian energy - Fin2me\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON (Reuters) -President Joe Biden will meet virtually with Indian Prime Minister Narendra Modi on Monday, the White House said, at a time when the [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/biden-will-speak-to-modi-as-u-s-warns-india-on-imports-of-russian-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-10T16:52:05+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/04\/Biden-will-speak-to-Modi-as-U.S.-warns-India-on-imports-of-Russian-energy.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/biden-will-speak-to-modi-as-u-s-warns-india-on-imports-of-russian-energy\/\",\"url\":\"https:\/\/fin2me.com\/markets\/biden-will-speak-to-modi-as-u-s-warns-india-on-imports-of-russian-energy\/\",\"name\":\"Biden will speak to Modi as U.S. warns India on imports of Russian energy - 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