EU imposes sanctions on Rosneft's India refinery, lowers oil price cap

As the second-largest purchaser of Russian oil, India stands to benefit from this move. Russian crude currently accounts for nearly 40% of India's total oil imports.

Jul 18, 2025 - 15:15
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EU imposes sanctions on Rosneft's India refinery, lowers oil price cap
As the second-largest purchaser of Russian oil, India stands to benefit from this move. Russian crude currently accounts for nearly 40% of India's total oil imports.

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