US senators may be surprised to find out that not only will other countries find a way around sanctions, but that even American importers will find ways to smuggle goods into the US.
If the US law is eventually enforced, India could face higher crude costs and pressure on its exports to the US, but refiners are unlikely to abruptly stop buying Russian oil.
Top 5 purchasers of Russian crude are China, India, Slovakia, Hungary & Azerbaijan. The bill proposes exemptions for countries that import less than 15% of their natural gas from Russia.
The US had issued sanctions waiver on Russian crude in March to calm global energy markets following start of war with Iran. India imported over $5 bn worth of crude in June.
Kpler data shows India's Russian oil imports are on track to reach 2.25 mbpd in June 2026, as prospects of Iranian crude returning to India grow after US-Iran agreement.
The ‘Amar Pujo, Amar Starbucks’ campaign also created Bhetki Bhaja Sandwich and Sorse Chicken Burger, but Bengalis drew a line when they saw aloo posto being butchered.
The regulator says insurance distribution has become too commission-driven. Its new proposal seeks to make sales more transparent, accountable and aligned with customer needs.
IAF chief Air Chief Marshal A.P. Singh has ruled out a separate drone force, saying that UAVs must operate with fighters and other existing technology.
Modern India might have been conjured up in the image of Gandhi. But India was never a Gandhian state. Founders of the Republic, be it Nehru or Patel, nursed zero such notions.
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