India’s $40bn Russian lifeline faces tariff threat
Synopsis As long as it proves to be economically feasible, India should persist in acquiring Russian crude oil. A new Senate bill from the US
Synopsis As long as it proves to be economically feasible, India should persist in acquiring Russian crude oil. A new Senate bill from the US threatens to impose significant tariffs on countries engaging in Russian energy purchases. Being one of the leading buyers, India might suffer trade penalties. This leads to a critical choice between accessing cheaper oil and retaining US export possibilities.
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