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Russian oil imports rise
Financial Express Kochi
|March 24, 2025
AFTER THE STEEP decline following the latest US sanctions on Russia's oil trade, India's Russian oil imports have recovered sharply in March, thanks to the plentiful availability of Moscow's oil and it largely trading below the Western price cap of $60 per barrel.
This has ensured enough availability of non-sanctioned tankers to haul Russian crude to India.
The key reason for the ample availability of Russian oil for exports is the slump in Moscow's domestic oil demand following a fresh wave of Ukrainian drone strikes on various Russian refineries.
Cette histoire est tirée de l'édition March 24, 2025 de Financial Express Kochi.
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