seaborne russian oil are significant. they underline the european chief said they will cut 90% of europe s russian oil imports by december. the discussion of some interim status for ukraine on the way to being a full member of the european union is important. i wish they would find some speedy transition plan but it is not there. so, they re trying to find ways to keep faith with ukraine and in a period where i think the pressure on ukraine is growing. i think your right to express some concern about europe. they ve got their own economic troubles and political splits. but this last weekend that they held together more strongly than i might have feared. i was going to say, pretty remarkable that they held together even pulled hungary along when they had to know this inflation number was coming out. they have the same problem on the other side with nato. but do you remain optimistic like so many observers that when it comes to nato, turkey, at the end, will back down and a
After the Ukraine war broke out, India filled its coffers with heavily discounted Russian oil. Indias share of oil imports from Russia increased from a puny 2% before the war to almost 40% in the next two years. But now China has surpassed India as the largest importer of Russian oil. How? We explain.
India Business News: The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stabl
Indian refiners are now refusing to take delivery of crude transported by Sovcomflot tankers in an evident bid to steer clear of any secondary sanction risk
In March, India s imports of Russian oil increased by over 7% compared to February, as refiners opted for cheaper options amidst geopolitical tensions. Despite ongoing sanctions, Russia remained India s top oil supplier, followed by Iraq and Saudi Arabia. India reduced monthly purchases from Saudi Arabia while increasing those from Iraq.