Syllabus: GS-II Â Subject: International Relations Topic: Global issues, Issue: India’s oil imports from Russia. |
 Context: Latest round of US sanctions targeting Russian shipping major Sovcomflot.
 Likely Outcomes:
- Muted impact expected on overall trade.
- Possibility of deeper discounts on Russian oil.
- Shift of crude deliveries to China noted.
- Minimal impact due to vast opaque tanker fleet.
- India remains the top importer despite sanctions.