New Delhi: “Threats”, tariffs, and now the United States has announced a string of sanctions on two of Russia’s largest oil firms—Rosneft and Lukoil; meanwhile, India has continued to purchase Russian crude. The fall-out from the latest sanctions, however, might persuade India to stop buying discounted oil from Russia, reports Alex Travelli for The New York Times .

“T he move could convince India’s private businesses and government-owned oil companies that it is time to quit buying oil from Russia, in a way that threats and tariffs did not, ” writes Travelli. “ Muyu Xu, a senior crude oil analyst based in Singapore for Kpler, a market research firm, wrote that the sanctions were expected to ‘trigger a decline in exports’ almost immediately, as the In

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