How India’s purchases of Russian oil are reshaping global energy trade

Wait 5 sec.

Western sanctions on Russia following its invasion of Ukraine have shifted global energy flows, with India and China emerging as prominent buyers of Russian oil. The question is no longer from whom New Delhi and Beijing will purchase energy, but in which currency they will pay.Amid warming ties between India and China following US President Donald Trump’s imposition of sweeping tariffs on Indian exports after New Delhi refused to stop purchasing Russian oil, Indian traders are reportedly asking...