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Russian oil: Trade headaches for India as crude prices hit $60
Credit: IndiaTimes- Published on July 14, 2023
Russia's major oil buyer India is preparing for tougher talks with banks that finance oil cargoes, following the breaking of the $60 a barrel cap on Russian oil. India and China have become the two dominant buyers of Russian crude since the OPEC+ producer shunned other purchasers.
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