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Russian oil sold to India at 30% above Western price cap, traders say

39 pointsby donutloopover 1 year ago

1 comment

NickC25over 1 year ago
This has been quietly going on for some time, at least since the West imposed limits and price caps on Russia&#x27;s exportation due to the Ukrainian war.<p>Now, I just don&#x27;t understand <i>why</i> nobody has said anything yet. The delta is just way too big and oil far too valuable a resource for stuff like this to go unnoticed for as long as it has.<p>Granted, I understand that India is kind of on its own geopolitically and part of their strategic interests might be securing a closer tie with Russia (for whatever reason), and this might be a bribe-in-kind of some sort, but still, I am quite confused as to how this has gone under the radar for as long as it has.
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