K.C. Singh | A fine balance? Liberalism on lips; realpolitik at home
2 years, 5 months ago

K.C. Singh | A fine balance? Liberalism on lips; realpolitik at home

Deccan Chronicle  

India and four other democracies attended the Group of Seven summit of the seven most advanced economies of the world on June 26-28. It is also correctly realised that the global liberal democratic order, now under challenge by resurgent autocratic powers like Russia and China, cannot be defended without strengthening democracy within nations and shepherding the transition of the world to a more sustainable, climate-neutral economic model. The summit also issued a clarion call for an open society and liberal democracy within nations, as a condition precedent to a liberal rules-based international order. The resolve to promote a rules-based international order, normally a euphemism for criticising Chinese unilateralism and now Russia’s attack on Ukraine, is prefaced by the words “as democracies”. The sub-headings in the Resilient Democracies Statement comprehensively delineate the contours of a liberal democracy, and are as follows: Global Responsibility: Democracies as Reliable Partners; Information Environment: Democracies Defending Open and Pluralistic Debate; Civil Society: Democracies Protecting and Fostering Open and Pluralistic Civic Spaces; Inclusion and Equality: Democracies Promoting Equal Representation.

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History of this topic

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports
1 week, 5 days ago

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports

Deccan Chronicle  

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today's prices. The company declined …

Russia wants to become the second-largest oil producer in the world
1 month, 1 week ago

Russia wants to become the second-largest oil producer in the world

China Daily  

Russia is reportedly considering a major oil-sector shakeup by merging three of its largest oil companies: state-backed Rosneft and Gazprom Neft and privately-held Lukoil. Notably, the consolidation could allow Russia to command higher prices for crude oil exports to major buyers like India and China. This shift is driven by Russia’s substantial discounts on crude oil, which have made it …

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU
1 month, 2 weeks ago

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

The Hindu  

India's export of fuels like diesel to the European Union jumped 58% in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. "In the 13 months since the oil price cap took effect, over one-third of India's exports of oil products to sanctioning countries was …

‘India did entire world a favour’: Hardeep Singh Puri on India’s stance to buy Russian oil, ‘if we had not done so…’
1 month, 2 weeks ago

‘India did entire world a favour’: Hardeep Singh Puri on India’s stance to buy Russian oil, ‘if we had not done so…’

Live Mint  

Union Petroleum and Natural Gas minister Hardeep Singh Puri said that India's decision to buy oil from Russia amid global uncertainties helped prevent a potential spike in global oil prices. In an interview with CNN's Becky Anderson in Abu Dhabi, Union minister Puri explained that if the Indian government hadn't bought Russian oil, global oil price would have gone up …

'India did the entire world a favour': Union Minister Puri on India's stance to buy Russian oil
1 month, 2 weeks ago

'India did the entire world a favour': Union Minister Puri on India's stance to buy Russian oil

New Indian Express  

India's decision to purchase oil from Russia amidst global uncertainties has played a crucial role in preventing a potential spike in global oil prices, said Union Petroleum and Natural Gas Minister Hardeep Singh Puri. In an interview with CNN's Becky Anderson on the sidelines of the annual ADIPEC energy industry event in Abu Dhabi, the Union Minister stated that without …

Russia will be ‘largest contributor’ to India’s energy security: Diplomat
5 months, 2 weeks ago

Russia will be ‘largest contributor’ to India’s energy security: Diplomat

Hindustan Times  

New Delhi: Russia is committed to being the “largest contributor” to India’s energy security after accounting for more than a third of the country’s oil purchases and is giving priority to long-term contracts for crude, coal and fertilisers, a senior Russian diplomat said on Wednesday. Charge d’Affaires of Russia in India Roman Babushkin India and Russia on Tuesday set a …

Chabahar: India’s Balancing Act Against China, West Asia and the West
7 months, 1 week ago

Chabahar: India’s Balancing Act Against China, West Asia and the West

News 18  

Geostrategy is increasingly becoming a process of increasing a nation’s options. While Russia has been encountering sanctions from Western Europe and the US ever since the war with Ukraine, Iran has endured them for far longer. The US, Israel and others in West Asia are aware of India’s cordial relationship with Iran. India’s sea and land route via Chabahar in …

No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials
8 months, 2 weeks ago

No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials

The Hindu  

April 04, 2024 07:55 pm | Updated 09:51 pm IST - NEW DELHI Striking a conciliatory note on India’s imports of Russian oil, U.S. Treasury department officials visiting Delhi said on April 4 that the aim of U.S. sanctions and the oil “price cap” was not to limit the purchase of Russian ‘Ural’ oil, but to limit the revenues made …

US has not asked India to reduce Russian oil imports: Officials
8 months, 2 weeks ago

US has not asked India to reduce Russian oil imports: Officials

Hindustan Times  

NEW DELHI: The US has not asked India to reduce its imports of Russian oil and the price cap and sanctions regime imposed by the G7 are aimed at squeezing Moscow’s profits from crude sales and impeding its ability to finance the war in Ukraine, two US officials said on Thursday. Russian oil is priced above $60 a barrel The …

Two US treasury officials visiting India to urge Modi govt to maintain implementation of Russian oil price cap
8 months, 3 weeks ago

Two US treasury officials visiting India to urge Modi govt to maintain implementation of Russian oil price cap

India TV News  

Two senior US treasury officials - Acting Assistant Secretary for Terrorist Financing Anna Morris and PDO Assistant Secretary for Economic Policy Eric Van Nostrand - will urge New Delhi to maintain the implementation of the oil price cap aimed at limiting profits to Russia, while also promoting stable global energy markets, the Biden administration said in an official announcement. “They …

US to tell event in India that price cap on Russian oil working
8 months, 3 weeks ago

US to tell event in India that price cap on Russian oil working

Hindustan Times  

The G7 price cap on Russian oil shipments is cutting the revenue that Moscow has available to support its invasion of Ukraine, and the mechanism's effectiveness is helped by the recent actions of Indian refiners, U.S. officials will tell an event in New Delhi on Thursday, according to prepared remarks. "We know that the Indian economy has much at stake …

’My friend...’: Russian FM lauds Jaishankar’s response on oil import
9 months, 2 weeks ago

’My friend...’: Russian FM lauds Jaishankar’s response on oil import

Live Mint  

Russian foreign minister Sergey Lavrov has praised an old remark made by India's External Affairs Minister S Jaishankar at the United Nations. Lavrov at the World Youth Forum in Russia's Sochi called Jaishankar "My friend" and heaped praises on the Indian minister for navigating bilateral ties between New Delhi and Moscow amid the Ukraine war. Russian oil import According to …

The West Is Eying Closer Relations With Central Asia
11 months ago

The West Is Eying Closer Relations With Central Asia

The Diplomat  

An interesting development is occurring in Central Asia. Outside these economic relations, Russia is also attempting to strengthen its energy market within Central Asia. The most recent proposal is establishing a gas union, with Russia keen to boost its exports to the region and Central Asian countries in need of energy. During the meeting, U.S. President Joe Biden met with …

India reduces import of Russian crude oil over pricing
11 months, 1 week ago

India reduces import of Russian crude oil over pricing

Hindustan Times  

Indian refiners have significantly cut Russian crude imports and plan to further decrease shipments from the sanctions-hit country after Moscow steeply reduced discounts from about $10 a barrel to around $2 in recent months, at least four people directly aware of the development said. Indian oil companies have decided to cut crude imports from Russia because of only one reason, …

India, Russia talk small modular reactors, pushes for Kudankulam completion
11 months, 3 weeks ago

India, Russia talk small modular reactors, pushes for Kudankulam completion

Hindustan Times  

India and Russia have decided to expand their civilian nuclear cooperation, with Moscow willing to share technology for a small modular reactor used in power generation, even as both sides are pushing towards the completion of Phase 1 the of 6,000MW Kudankulam nuclear power project in Tamil Nadu, according to people familiar the matter. India’s external affairs minister S Jaishankar …

Russia minister says oil supplies to India increased to 40 percent since Ukraine war
11 months, 3 weeks ago

Russia minister says oil supplies to India increased to 40 percent since Ukraine war

Hindustan Times  

Moscow: Russia's deputy prime minister Alexander Novak said on Wednesday his country has redirected most its oil supplies towards India and China after the West enforced economic sanctions against it over the Ukraine war. "China -- whose share has grown to 45-50 percent -- and India have become our main partners in the current situation," Novak was quoted as saying …

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers
1 year ago

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers

Associated Press  

WASHINGTON — The U.S. imposed new sanctions on alleged violators of a $60 per barrel price cap on Russian oil and tightened compliance rules for insurance firms and shippers, Wednesday. Also sanctioned were Hong Kong-based Covart Energy, which has increased its share of the trade of Russian oil since the price cap policy was implemented, and Hong Kong-based Bellatrix Energy. …

How Russia games oil sanctions for big profits
1 year, 1 month ago

How Russia games oil sanctions for big profits

Live Mint  

The latest evidence: Oil and gas tax revenue to the Russian budget in October more than doubled from September and rose by more than a quarter from the same month last year, according to data released Friday. The price cap, imposed last December, was supposed to achieve twin goals: ensure the flow of Russia’s crude on world markets, thus keeping …

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now
1 year, 2 months ago

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

Associated Press  

FRANKFURT, Germany — For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. Russia’s benchmark oil — often exported with Western ships required to obey sanctions — has traded above the price cap since mid-July, pumping hundreds of millions of dollars a day into the Kremlin’s war chest. …

Opinion: Putin is using high oil prices to test support for Ukraine. Congress’ dysfunction plays right into his hands
1 year, 2 months ago

Opinion: Putin is using high oil prices to test support for Ukraine. Congress’ dysfunction plays right into his hands

LA Times  

Wars are won and lost on battlefields. The price cap on Russian oil, pioneered by Treasury Secretary Janet Yellen and introduced by a G-7-led coalition in late 2022, was designed to reduce those revenues while keeping Russian oil on the market to hold world prices in check. The maritime tollbooth could then charge all Russian oil shipments the difference between …

Oil Prices Surge as Saudi Arabia and Russia Extend Global Production Cut
1 year, 3 months ago

Oil Prices Surge as Saudi Arabia and Russia Extend Global Production Cut

News 18  

Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. Bob McNally, the founder and president of the Washington-based Rapidan Energy Group and a former White House energy adviser, said Saudi Arabia and Russia had “demonstrated …

Russia’s ruble has tumbled. What does it mean for the wartime economy?
1 year, 4 months ago

Russia’s ruble has tumbled. What does it mean for the wartime economy?

Associated Press  

Russia’s ruble has fallen a long way in recent months, and the country’s central bank has stepped in to try to halt the slide. Previously, Russia saw a large trade surplus — which typically supports a country’s currency — because of high oil prices and plummeting imports after invading Ukraine. But oil prices have dipped this year, and it’s more …

Russia oil discount to India shrinks to $4, delivery charges remain opaque
1 year, 5 months ago

Russia oil discount to India shrinks to $4, delivery charges remain opaque

India TV News  

The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. The discounts could have been higher if state controlled units, who account for roughly 60 per cent of the 2 million barrels per day of …

Russia turning towards Asia post Ukraine conflict, trade with India improved: EAM Jaishankar
1 year, 5 months ago

Russia turning towards Asia post Ukraine conflict, trade with India improved: EAM Jaishankar

India Today  

Union Minister of External Affairs, S Jaishankar, on Monday said Russia is turning more towards Asia after the Ukraine conflict. Addressing the students' dialogue at the National Institute of Technology, the EAM also highlighted the growth in the economic partnership between India and Russia and said Russia's trade with India was USD 40 billion last year, far ahead of the …

June 25, 2023 Russia-Ukraine news
1 year, 6 months ago

June 25, 2023 Russia-Ukraine news

CNN  

Russia is exporting as much oil now as it did before its full-scale invasion of Ukraine. That’s what it nearly got this weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The armed insurrection has been defused — for now — …

June 25, 2023 Russia-Ukraine news
1 year, 6 months ago

June 25, 2023 Russia-Ukraine news

CNN  

Russia is exporting as much oil now as it did before its full-scale invasion of Ukraine. That’s what it nearly got this weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The armed insurrection has been defused — for now — …

Why chaos in Russia could spell trouble for the global economy
1 year, 6 months ago

Why chaos in Russia could spell trouble for the global economy

CNN  

London CNN — After the pandemic and war in Ukraine, and the inflation shock that followed, the global economy is in a precarious state. That’s what it nearly got at the weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The …

US says price caps on Russia’s oil are cutting revenue nearly in half and weakening its economy
1 year, 6 months ago

US says price caps on Russia’s oil are cutting revenue nearly in half and weakening its economy

Associated Press  

WASHINGTON — A top Treasury Department official said Thursday that the cap on the price of Russia’s oil is severely curtailing its greatest source of revenue as it wages war in Ukraine. When the United States and other economic powers in the Group of Seven, along with the European Union and Australia, last year announced an ambitious plan to cap …

Russia 'using refrigerator, washing machine parts in missiles' due to sanctions impact
1 year, 6 months ago

Russia 'using refrigerator, washing machine parts in missiles' due to sanctions impact

India Today  

Amid the adverse impact of sanctions imposed by Western countries on Russia in the past 15 months, the country is reportedly equipping its soldiers with weaponry containing components salvaged from household appliances. They're repurposing things like computers that used to go into washing machines and now are going into missiles," Dr Haar said, while speaking to Express.co.uk. Dr Haar's remarks …

EU to curb Indian fuel imports made with Russian oil: Report
1 year, 7 months ago

EU to curb Indian fuel imports made with Russian oil: Report

Al Jazeera  

The EU’s foreign policy chief has called for a crackdown of Russian oil into Europe as refined fuel, including diesel. Josep Borrell, the European Union’s foreign policy chief, has said that the bloc will act against the importation of Indian petroleum products that use Russian oil, in rare explicit criticism of India’s role in helping Russia evade Western sanctions amid …

Russia launches intense air raid on Kyiv, top Chinese diplomat to tour Ukraine and Russia
1 year, 7 months ago

Russia launches intense air raid on Kyiv, top Chinese diplomat to tour Ukraine and Russia

ABC  

Russia launched an exceptionally intense air attack on Kyiv in the early hours of Tuesday, using drones, cruise and probably ballistic missiles, city officials said, as the Ukrainian capital suffered its eighth air raid this month. Key points: Russia fired six ballistic missiles from aircraft, nine cruise missiles from ships in the Black Sea and three missiles from land Ukraine …

Ukraine War Has Furthered Chances for India To Leverage Its Ties With Russia
1 year, 8 months ago

Ukraine War Has Furthered Chances for India To Leverage Its Ties With Russia

The Quint  

As per Indian figures, bilateral trade during the year 2020 was just about USD 8.1 billion, Indian exports amounted to USD 2.6 billion, while imports from Russia were USD 5.48 billion. Visiting Russian DPM Manturov who is also the trade minister, has been holding talks with his counterparts in India on a Free Trade Agreement, as well as a Bilateral …

India and China snap up Russian oil in April above ’price cap’
1 year, 8 months ago

India and China snap up Russian oil in April above ’price cap’

Live Mint  

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. The latest data from Refinitiv Eikon suggest Russian Urals oil cargoes that loaded in the first half of April are mostly heading to India's and China's ports. …

India and China Snapping up Majority of Russian Oil Above Western Price Cap
1 year, 8 months ago

India and China Snapping up Majority of Russian Oil Above Western Price Cap

The Hindu  

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. The latest data from Refinitiv Eikon suggest Russian Urals oil cargoes that loaded in the first half of April are mostly heading to India's and China's ports. …

India and China snap up Russian oil in April above ‘price cap’
1 year, 8 months ago

India and China snap up Russian oil in April above ‘price cap’

Al Jazeera  

Russia is enjoying stronger revenues via sale of oil despite the West’s attempts to curb funds for its war in Ukraine. India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. The latest data from Refinitiv Eikon …

India may buy Russian crude past cap if cut by OPEC+ boosts costs - What FM said
1 year, 8 months ago

India may buy Russian crude past cap if cut by OPEC+ boosts costs - What FM said

Live Mint  

As the Ukraine-Russia war continues, much has been said about India's ongoing import of Russian oil. Now, Finance Minister Nirmala Sitharaman has indicated that the country will explore buying Russian crude oil near or past the price cap imposed by the G-7 if necessary. While India has not signed any agreement with the Western powers to impose a price cap …

Russian oil exports back above pre-Ukraine war levels as India and China buy 90%
1 year, 8 months ago

Russian oil exports back above pre-Ukraine war levels as India and China buy 90%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Ukraine’s deputy foreign minister visits India
1 year, 8 months ago

Ukraine’s deputy foreign minister visits India

Al Jazeera  

The first visit to India by a Ukrainian minister since the war began comes as New Delhi has refused to condemn the Russian invasion and maintains close ties with the Kremlin. Emine Dzhaparova, Ukraine’s first deputy foreign minister, has arrived in India for a four-day visit, the first by a Ukrainian government minister since Russia’s full-scale invasion of Ukraine in …

Explained | Why is Japan circumventing sanctions on Russian oil?
1 year, 8 months ago

Explained | Why is Japan circumventing sanctions on Russian oil?

The Hindu  

The story so far: Japan has been purchasing oil from Russia at a price above the $60 per barrel price cap imposed by the West, according to reports this week. However, Japan’s decision to purchase oil above the price cap once again brings to the fore the strong incentives facing countries to subvert the West’s $60 per barrel price cap. …

Russia says oil sales to India soared 22-fold last year
1 year, 8 months ago

Russia says oil sales to India soared 22-fold last year

Al Jazeera  

Sales to India surged in 2022 as European buyers turned to other markets after the Ukraine war, Russian deputy PM says. Russian oil sales to India surged more than 22-fold last year as European buyers turned to other markets following the conflict in Ukraine, Russia’s deputy prime minister has said. Russia shifted its oil exports to India and China last …

India’s Russia exports in Feb up 25% to hit pre-Ukraine war level
1 year, 9 months ago

India’s Russia exports in Feb up 25% to hit pre-Ukraine war level

Live Mint  

India’s exports to Russia have exceeded the levels before the war outbreak in Ukraine, even as the conflict in Europe drags down global trade growth. Led by engineering goods, drugs and pharmaceuticals, and organic and inorganic chemicals, India’s exports to Russia in February surged 25% from the preceding month to touch $337.58 million, commerce ministry data showed. Russia’s invasion of …

'No other option': Russia's unequal economic marriage with China
1 year, 9 months ago

'No other option': Russia's unequal economic marriage with China

Firstpost  

Moscow: Russia has found itself in an unequal relationship with China since intensifying its pivot toward Beijing after the assault on Ukraine. “It’s absolutely critical for Russia to be close to China, because Russia doesn’t have many trade friends,” Elina Ribakova, deputy chief economist at the Institute of International Finance, told AFP. “China and India have replaced the European Union …

US says Russia not benefiting from +$60/bbl oil to India
1 year, 9 months ago

US says Russia not benefiting from +$60/bbl oil to India

Live Mint  

Russia is not reaping the benefits of higher costs of some recent cargoes of crude oil bought by refiners in India priced above the price cap set by countries in the West and Australia, a U.S. official said on Thursday. Some Dubai-based traders, and Russian energy companies Gazprom and Rosneft are seeking non-dollar payments for certain niche grades of Russian …

Sunanda K. Datta-Ray | ‘Not era of war’: India needs to push Ukraine peace talks
1 year, 9 months ago

Sunanda K. Datta-Ray | ‘Not era of war’: India needs to push Ukraine peace talks

Deccan Chronicle  

Going by what Mahatma Gandhi told Gen. L.P. Sen, he would not have approved either of India abstaining for the seventh time on a United Nations vote calling on Russia to withdraw from Ukraine, or of the determination with which the G-20’s Indian hosts ensured that the meetings spoke only of the Ukraine crisis and never of the Russian invasion. …

Russia’s economy holds up, but growing challenges test Putin
1 year, 9 months ago

Russia’s economy holds up, but growing challenges test Putin

Associated Press  

Western sanctions have hit Russian banks, wealthy individuals and technology imports. Economists say sanctions on Russian fossil fuels only now taking full effect — such as a price cap on oil — should eat into earnings that fund the military’s attacks on Ukraine. “We have had even worse periods of time in history, and we coped,” he said, but added …

Fragmented and uncertain: How the oil market has changed a year after the Russia-Ukraine war
1 year, 9 months ago

Fragmented and uncertain: How the oil market has changed a year after the Russia-Ukraine war

Firstpost  

Houston: A year after Russia’s invasion of Ukraine, the oil market has become more fragmented and uncertain, a dynamic expected to boost crude prices over the long term. The oil market “is radically different in some ways than it was before the invasion of Ukraine,” said Jim Burkhard, head of research for oil markets, energy and mobility at S&P Global …

Russian oil becomes more pricey with pool of Asian buyers expands
1 year, 9 months ago

Russian oil becomes more pricey with pool of Asian buyers expands

Live Mint  

The price of Russian crude and fuel is rising for buyers in Asia as a pool of bigger customers from China and India expands, putting pressure on smaller refiners that have eagerly consumed the cheap oil. The larger refiners have muscled in to a patch typically dominated by China’s smaller independent processors, known as teapots, which have been consistent consumers …

‘We don’t and won't': Russia's unequivocal message to West on oil price cap
1 year, 9 months ago

‘We don’t and won't': Russia's unequivocal message to West on oil price cap

Hindustan Times  

The Kremlin said on Tuesday that it did not recognise the price cap introduced by Western countries on its oil exports, after the United States said that the cap was "working well". Washington was one of the key architects of the Western price cap on Russian oil, which aims to drive down Moscow's revenues used to fund its invasion of …

How China and India’s appetite for oil and gas kept Russia afloat
1 year, 10 months ago

How China and India’s appetite for oil and gas kept Russia afloat

Al Jazeera  

Despite Western-led sanctions aimed at punishing Russia over its war in Ukraine, growing demand for Russian energy imports has helped keep the country’s besieged economy afloat. China and India, both of which have declined to condemn Russia or impose sanctions over the war, became the biggest buyers of Russian crude oil last year as Western countries restricted imports and imposed …

‘Global economy in better place today than predicted’
1 year, 10 months ago

‘Global economy in better place today than predicted’

Live Mint  

New Delhi: War, debt and economics are set to dominate G20 leaders’ discussions over the next two days. US treasury secretary Janet Yellen on Thursday flagged the need for tackling challenges like the spill-over effects of macroeconomic tightening in major economies and debt distress in vulnerable countries like Zambia and Sri Lanka ahead of the crucial two-day meeting of finance …

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