Sanctions unlikely to majorly hit Russian oil flows to India.

Syllabus: GS-II  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.
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