U.S. Sanctions Russian Oil Majors Over Ukraine, Prompting Jitters in India and China
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LN24 / 5 months
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- 2 min read
The United States has announced a new round of sanctions targeting several major Russian oil companies over Moscow’s ongoing war in Ukraine, raising concerns among key energy importers India and China, both of which rely heavily on discounted Russian crude. The U.S. Treasury Department said the measures are aimed at curbing Russia’s revenue streams that […]