A | Eight candidates have made it through to the first round of voting for the Conservative party leadership.,1922 Committee Chairman Sir Graham Brady announced the competitors for outgoing Prime Minister Boris Johnson's job at the 6pm close of the deadline for nominations on Tuesday.,The eight candidates include former equalities minister Kemi Badenoch, Attorney General Suella Braverman, 2019 leadership runner-up Jeremy Hunt and Trade Policy Minister Penny Mordaunt.,Bookies' favourite Rishi Sunak, the former chancellor of the exchequer who led the walkout from cabinet that forced Johnson's resignation, is also on the ballot along with foreign secretary Liz Truss, Commons Foreign Affairs Select Committee chairman Tom Tugendhat and Sunak's replacement as chancellor Nadhim Zahawi.,Four of the candidates are from ethnic minorities and four are women. The first hustings debate was set to kick of at 7pm UK time.,Despite the backbench committee raising the bar to 20 nominations from eight during the last leadership contest in 2019, almost as many candidates made it thorough to the first knock-out round of balloting by Conservative MPs.,1922 Committee Announces Timetable for Tory Leadership ContestYesterday, 18:48 GMT,Badenoch, Braverman and Mordaunt are all Brexiteers, although Mordaunt is more socially liberal while Badenoch is an anti-'woke' candidate who has pledged to put the government's 'net zero' carbon emissions policy on hold.,Hunt and Tugendhat are leading Tory Europhiles who are now trying to play down their opposition to Britain's exit from the European Union.,Tugendhat and Truss, another Remainer, have been among the loudest cheerleaders for arms supplies to the Ukraine and sanctions on Russia that have only caused record inflation in the UK.,Former health secretary Sajid Javid, Home Secretary Priti Patel, Transport Secretary Grant Schapps, backbench MP Rehamn Chisti and COVID Recovery Group deputy chairman Steve Baker had already dropped out of the race.,Downing Street Blocks Opposition No-Confidence Motion in Outgoing PM BoJo17:04 GMT,The eight leadership hopefuls must now compete for support from fellow Conservative MPs. A series of ballots will see the candidate with the least support eliminated, along with any failing to reach an ever-increasing threshold of votes.,The final two will be put to a postal ballot of all Conservative Party members — up to 200,000 at a recent count.,Mordaunt and Badenoch are most popular among the Tory grassroots, according to a new poll by website Conservative Home, but there is no guarantee they will make it onto the final ballot.。
B | US Treasury Secretary Janet Yellen has described her talks with her Indian counterpart to cap the price of Russian crude oil as “encouraging”, as per an interview given to Reuters after the conclusion of the G20 Finance Ministers’ and Central Bank Governors’ Meeting in Bali.,“We’ll see where they come out. The conversations I’ve had have generally been encouraging," Yellen told the news agency while en route to Seoul from Bali on Monday.,A US Treasury official conceded that New Delhi was yet to agree to the idea of capping the price of Russian oil. The official claimed that India, at the same time, hadn’t “expressed hostility to this idea.”,The American official added that no meeting had taken place between Yellen and her Indian counterpart at the G20 meeting.,New Delhi was represented by Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das at the G20 meeting, according to an official statement.,A statement by the US Treasury has said that Yellen did, however, hold meetings with her counterparts from Australia, Singapore, Saudi Arabia, South Africa and Turkey on the sidelines of the G20 meeting.,During her meetings, Yellen sought “cooperation” from other governments in a US-led push to cap the price of Russian crude in order to “restrict” Moscow’s energy revenues, as per the statement.,A plan to cap prices of Russian crude oil in the global market was first formally discussed last month at the G7 Summit in Germany, where Indian Prime Minister Narendra Modi was also invited to participate.,According to several reports, the US, European Union (EU) and other Western allies are seeking to limit the price of Russian crude to between $40 and $60 per barrel by banning insurance and transportation services to ship Russian crude unless it is purchased at a capped price.,The West-led push to cap Russian oil prices comes as Russian energy revenues remain almost unaffected in spite of six rounds of coordinated sanctions against Moscow by the Western allies over its special military operation in Ukraine.,New Delhi, for its part, has consistently justified its decision to purchase enhanced volumes of Russian crude in the interest of its "energy security".,The Western efforts to phase out Russian oil from international energy markets has contributed to oil prices hitting their highest level since the Global Financial Crisis (GFC) in 2008.,Data from India’s Commerce Ministry this month has shown that New Delhi’s import of Russian crude has surged by 620 percent in April-May quarter as compared to the January-March period, marking an all-time high.,India’s coal imports from Moscow also surged by 266 percent in the April-May period as compared to the preceding three months.,As far as China is concerned, Russia replaced Saudi Arabia as Beijing’s top crude supplier last month.,Russia’s energy exports have not been included in the Western sanctions, largely due to the EU’s reliance on them.,Japan and the EU, both major importers of Russian oil, coal and natural gas, have agreed to phase energy imports from Moscow out of their energy mix by the end of this year.。
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