US Sanctions on Russian Oil Impact India's Trade, Boosting China and Others
TL;DR Summary
India has significantly increased its imports of Russian crude oil, especially after Western countries boycotted Russian oil in 2022, which benefits China as Western efforts to target India's oil trade could inadvertently strengthen China's position in the global energy market.
- If America goes after India’s oil trade, China will benefit The Economist
- Russia Oil Prices to India Dip on Sanctions, Threats, Kpler Says Bloomberg.com
- Exclusive: US sanctions force vessels with Russian oil to divert from India, sources say Reuters
- Explained: How much Russian oil does India buy? The Independent
- Indias imports of Russian oil products remain modest compared to Turkey, China, and Brazil Tribune India
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