India Supports Sanctions Against Russia

by Roman Cheplyk
Monday, March 13, 2023
India Supports Sanctions Against Russia

The state imposes a $60 price on the Russian oil 

The Indian government will not deviate from sanctions imposed by Europe and the US against the Russian Federation. Government authorities have already ordered banks and traders to comply with restrictions. It is reported that the government has decided also to follow the flow of oil prices — $60 per barrel. Recall that the Kremlin can now sell oil to other countries, but at a limited cost.

It should also be noted that India (as well as China) has become the largest buyer of the aggressor country's oil since the beginning of the full-scale war. Therefore, India's decision could further undermine the Kremlin's politicians' fortune and the aggressor's financial well-being.

New Delhi made the decision after a meeting with representatives of the United States and the G7.

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