European Union, India and Russian oil
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The three countries will have to choose between the American economy and helping Russian President Vladimir Putin, Lindsey Graham said.
What exactly is this US sanctions threat on countries that trade with Russia, and how far can it impact India? We explain, in 3 points.
New EU sanctions on Russian oil pose challenges for Indian giants Nayara Energy and Reliance Industries, potentially restricting their access to Europ
India said asserted that its energy procurement from Russia is based on national interests and market dynamics.
The government on Thursday stressed that it was not “unduly worried” about secondary sanctions. The stand articulated by Union Minister for Petroleum and Natural Gas Hardeep Puri came in the wake of US President Donald Trump’s recent threat that 100% secondary tariffs would be imposed on nations buying oil from Russia,