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India Warns US Oil Sanctions Bill Could Hurt Bilateral Ties
Source: Bloomberg
Sanctions & Export ControlsEnergy Markets & PricesGeopolitics & WarRegulation & LegislationTrade Policy & Supply Chain
India warned that US legislation sanctioning buyers of Russian oil could damage New Delhi-Washington relations and disrupt global energy markets. The bill has passed the House of Representatives, raising the risk of wider enforcement against Russian crude purchasers and potential supply-chain and oil-price volatility.
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