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India isn't expected to stop Russian oil imports, US official says

The US never expected India to stop importing Russian oil as it's in Washington's interest to keep energy flowing to prevent any supply shocks caused by the Ukraine war, US Treasury Assistant Secretary for Economic Policy Eric Van Nostrand said. "What the sanction regime intends to do is to reduce Putin's revenue," Van Nostrand said on Thursday at an event in New ....

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US Says it Has Not Asked India to Cut Russian Oil Purchases

The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stable global oil supplies while hitting Moscow's revenue, an American treasury official said on Thursday. India has emerged as one of the top buyers of Russian sea-borne oil since Western nations imposed sanctions and halted purchases in response to Moscow's invasion of Ukraine in February 2022, Reuters reported. ....

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