BRICS Members Russia & India Continue Oil Deals Despite Sanctions
BRICS countries, Russia, and India are likely to continue oil deals despite sanctions from the US and threats from Trump. The share of Russian crude oil in India’s imports could even increase as it is available at competitive prices. British analytical firm Vortexa wrote in its Analysis that Russian oil suppliers will keep prices below market rates for India. All of this would happen despite sanctions from the US and pressures from Trump and other Western countries. The West has tightened pressure on BRICS and other developing countries to stop them from procuring Russian oil. They even went to the extent of claiming that those who procure Russian oil are aiding and arming the conflict in Ukraine. Also Read: BRICS Expands North: Mexico Partners With China, Drops Dollar for Yuan BRICS Oil Remains In the Limelight Source: energyintel.com / Michal Bednarek / Shutterstock Vortexa experts added that Russian seaborne oil exports are too big a part of India’s hydrocarbon purchases...