India is taking advantage of discounted Russian oil
Russia is seeking new markets for its oil exports as Western sanctions tighten….and India has answered the Kremlin’s calls.
The nation is now ramping up imports from the country.
The United States says that although these oil imports do not violate sanctions, supporting Russia during this time is seen as supporting its invasion of Ukraine.
There are also growing concerns among Western leaders that China may do the same.
China is already the largest single buyer of Russian oil, and is also widely expected to buy more oil from Russia at deep discounts.
Consumers have been warned to expect higher crude prices to come.
