Reuters reveals why India ramped up Russian oil imports, easing pressure on Moscowon July 3, 2022 at 3:10 am

Reuters exclusively reported that while the U.S. and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for its aggression against Ukraine, Indian refiners have done the opposite. Refiners are snapping up more Russian crude while the government explores ways to protect domestic oil firms from punishment should they fall afoul of sanctions. The result has been a huge leap in volumes from Russia. Russia is now the second biggest supplier to India, replacing Saudi Arabia, while Iraq continues to be the largest.

The post Reuters reveals why India ramped up Russian oil imports, easing pressure on Moscow appeared first on Reuters News Agency.

Some of the links in this article are "affiliate links", a link with a special tracking code. This means if you click on an affiliate link and purchase the item, we will receive an affiliate commission. The price of the item is the same whether it is an affiliate link or not. Regardless, we only recommend products or services we believe will add value to our readers. By using the affiliate links, you are helping support our Website, and we genuinely appreciate your support.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by WordPress.com.

Up ↑

Expat Life-Off Trek Asia Generated by Feedzy
%d bloggers like this: