Russia proposes construction of joint oil fleet with India


Moscow has proposed to cooperate with New Delhi in building or leasing large oil tankers to circumvent Western sanctions and ensure crude oil transportation capacity. Specifically, this is in order to ship more crude oil to the largest buyers of Russian oil and not to lose profits.

The price cap on Russian oil imposed by the G7, the European Union and Australia has only had a limited effect on non-participatory countries.Since the imposition of the price cap on December 5, Chinese traders are still working as usual and private refiners have bought Russian ESPO oil.

Vermont Folk Troth

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