Russia crude oil restrictions: EU imposes sanctions on...

added a post in Business

2025-07-18 13:25:22 -

Russia crude oil restrictions: EU imposes sanctions on Rosneft's India refinery, lowers oil price cap - how it may benefit India

The EU has intensified sanctions against Russia, targeting oil revenues and military capabilities due to the Ukraine conflict. These measures impact a Rosneft-owned Indian refinery and lower the oil price ceiling, potentially benefiting India through cheaper crude.

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