Us Senate Russia Sanctions Vote Raises Risk For Indian Crude Supplies Says Kpler
A US Senate vote advances tougher sanctions on Russia, potentially disrupting crude oil supplies. However, immediate impacts on India and China's oil flows are unlikely
A US Senate vote advances tougher sanctions on Russia, potentially disrupting crude oil supplies. However, immediate impacts on India and China's oil flows are unlikely. India's reliance on Russian crude has significantly increased since 2022. Replacing these supplies quickly would be difficult and could tighten global markets. This situation raises concerns for India's energy security and import costs.
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