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US Pressure on India Could Propel Russia's Shadow Oil Exports

9 hours ago

Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market.The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm.India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022…

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US Pressure on India Could Propel Russia's Shadow Oil Exports

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