According to US authorities, Adeyemo also shared with India the US’ views on ways to put “downward pressure” on energy prices for consumers and businesses in India, the US and globally. Adeyemo reiterated the importance of well- supplied global energy markets, even as the US works with partners like India to expand access to sources of renewable energy “that will reduce our dependence on fossil fuels over time”.
During his visit to Delhi, Adeyemo called on Finance minister Nirmala Sitharaman and held talks with top officials of PMO, MEA and the petroleum ministry. Addressing a gathering at IIT- Bombay earlier, the deputy treasury secretary had said so far there’s no evidence of Indian firms circumventing sanctions imposed on Russia.
“The deputy secretary also discussed ways that the United States and India could work together to address shared global challenges like food insecurity and high energy prices. The deputy secretary raised that ending Russia’s invasion of Ukraine was critical to addressing these issues,” said US in a readout.