External Affairs Minister S Jaishankar is on a tour of America.

New Delhi:

India today expressed its concern about the price cap on Russian oil proposed by the G-7 (Group of Seven Industrialized Countries).

In a meeting with US Secretary of State Antony Blinken, External Affairs Minister S Jaishankar said, "We have a per capita economy of $2,000. We are worried about the price of oil. The price of oil is breaking our back. subject is."

News agency ANI has given this news.

Briefing the media after the meeting, Jaishankar said the two sides had a "brief discussion" on the price ceiling, which is of deep concern to developing countries.

European Union countries are trying to reach an agreement on the controversial issue, on which they are also facing resistance from many member states.

The Biden administration is trying to resist the G-7 countries insisting on implementing the cap.

The idea is to limit Russia's revenue on oil sales as part of sanctions against Russia, keeping the availability of Russian oil in the global market.

"We are working with our partners so that oil revenues do not fuel Ukraine's war," Blinken told a joint news conference.

Jaishankar is visiting the US for bilateral consultations with several ministers, including his counterpart Blinken.

He later said that the discussion was on political coordination and assessment of regional and global challenges.

During bilateral talks today, the US reiterated Prime Minister Narendra Modi's remarks on the Ukraine conflict that "this is not an era of war".

"We couldn't agree more," Blinken said, citing remarks during the discussion.

Earlier today, Jaishankar held discussions with US Defense Secretary Lloyd Austin at the Pentagon.

Referring to China's stand in the Indo-Pacific region, Jaishankar said, "I share with you that this year (for various reasons) the global situation has become much more challenging, especially in the Indo-Pacific."