“We will continue to engage with our Indian partners; as the G20 host, they have a distinctive role in this.” But also as a country with whom we have a global strategic partnership and as a country that has a unique relationship with Russia that we do not, he added, “this is not and should not be a time of conflict.”

He stated, “We hope to work closely with India to bring an end to this conflict, an end to this Russian aggression that is, at its root, tolerable and very much in accordance with the UN charter’s principles.” Price stated that India has historical relations with Russia and is connected to Russia in numerous ways that the United States is not.”

Price stated that India’s relations with Russia are distinct from those of the United States with Moscow. He emphasised India’s enormous economic, political, and moral leverage in a variety of sectors.

“There are countries around the world that have a different relationship with Russia than we do, and India is undoubtedly in that category. Russia and India have enduring historical connections. It has connections to Russia that the United States does not have and has not had. India possesses considerable leverage in a variety of domains, including economic leverage, diplomatic leverage, political leverage, and moral leverage, according to Ned Price.

During his encounter with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization’s summit in Samarkand last year, Prime Minister Narendra Modi stated, “The current era is not one of conflict, and I have discussed this with you over the phone.” Notably, India has repeatedly advocated for dialogue to resolve the ongoing conflict between Russia and Ukraine.

US Secretary of State Antony Blinken exhorted his Russian counterpart Sergey Lavrov on Thursday to reverse Moscow’s “irresponsible decision” and return to implementing the New START (Strategic Arms Reduction Treat) nuclear arms reduction treaty.

Blinken verified that he encountered Russian Foreign Minister Sergey Lavrov on the sidelines of the G20 summit in New Delhi on Thursday by stating, “I had a brief conversation with him today.”

“I urged Russia to reverse its imprudent decision and return to implementing New START, which establishes verifiable limits on the United States and Russian Federation’s nuclear arsenals. Mutual compliance is in both of our countries’ best interests. It is also what the international community expects of us as nuclear powers, Blinken added.

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He added, “I told the foreign minister that the United States will always be ready to engage and act on strategic arms control, just as the United States and the Soviet Union did during the height of the Cold War.”

This was the first face-to-face meeting between the two foreign ministers since the conflict between Russia and Ukraine, which began more than a year ago and caused a schism between Western nations and Russia, began. He stated that all nations continue to pay for Russia’s aggression.

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Pakistan is going through a serious economic crisis. America has also broken its silence on Pakistan facing foreign exchange crisis. Pakistan’s foreign exchange reserves have reached the lowest level in nine years.

Commenting on the fast depleting foreign exchange reserves in Pakistan, the official spokesman of the US State Department, Ned Price, said that the US wants to see Pakistan as an economically stable country.

Despite the millions of efforts of the Government of Pakistan, the foreign exchange reserves are rapidly decreasing. According to the data received last week, Pakistan’s foreign exchange reserves have remained only $ 4.3 billion. This amount is not enough even for one month’s import.

what did america say

During the daily press conference address, US State Department spokesman Ned Price said on Wednesday, “The financial crisis for Pakistan is a challenge and we are all aware of it. I know that Pakistan is seeking financial assistance from the International Monetary Fund (IMF). Talking for help. We want to see Pakistan in an economically stable position.”

What did America say on the help from IMF

Responding to a question about help from the US-dominated IMF, Ned Price said that as far as I understand, talks are going on between the IMF and Pakistan. Where we can help Pakistan, we do. But this matter is between Pakistan and IMF.

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IMF refused to give loan

Pakistan’s Prime Minister Shahbaz Sharif requested the IMF chief Kristalina Georgieva on 6 January to release the next tranche of loan assistance for Pakistan. But the IMF refused to release a new installment of the loan. Because Pakistan did not live up to the rules and regulations of the IMF.

The Pakistan government will have to work hard for the loan under the International Monetary Fund (IMF) loan programme. According to the English newspaper ‘The Express Tribune’, in the meeting between Pakistan’s Finance Minister Ishaq Dar and the head of the IMF mission, Nathan Porter, the IMF has asked Pakistan to fulfill all the instructions given in recent days.

However, the United Arab Emirates has agreed to rollover the existing $2 billion line of credit to Pakistan and provide an additional $1 billion line of credit.

economic crisis in pakistan

Pakistan’s foreign exchange reserves have come down to $4.34 billion. This amount is the lowest since February 2014. The country’s deteriorating economy and serious foreign exchange crisis have forced Pakistan to sell foreign assets.

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