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16Jan 2025

US Sanctions Target Russia’s Oil Trade, Impacting India

Why in the news? The US imposed sweeping sanctions on Russia’s oil trade, affecting tankers, companies, and insurance, potentially disrupting India’s crude oil imports. Russia remains India’s largest oil supplier, necessitating alternative arrangements amidst global market instability. About New Sanctions and Targets: The outgoing US administration imposed significant sanctions on Russia’s oil trade, targeting 183 …

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