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Global economy to get hit if Russian oil exports disrupt: Report
The Business Guardian
|August 14, 2025
If Russian oil exports were to be disrupted, it could create a major problem for the global economy; however, for India, the impact is expected to be limited, according to a report by Bank of Baroda.
The report stated that, according to estimates, the effect on India's oil import bill would be around USD 5 billion annually, an amount considered manageable given the country's overall trade size.
It stated, "For the world economy there could be a greater problem if there is a full embargo on Russian oil exports."
The report mentioned that India's crude oil sourcing pattern has changed significantly in recent years. Before the Ukraine war in 2021-22, Russia's share in India's crude oil imports was modest.
Dit verhaal komt uit de August 14, 2025-editie van The Business Guardian.
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