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India signals it will continue to buy oil from Russia
1 month ago | By ABC News
India's foreign minister has signaled that his country will continue to buy oil from Russia, even as Western governments press Moscow with a price cap on its oil exports
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Ivan Timofeev: What does the West's 'oil price cap' mean for Russia and how will Moscow respond?
1 month ago | By RT
After months of back and forth, the scheme finally begins as questions remain about how it will work in practice
Monday is D-Day for the West's attempt to place a price cap on Russian oil exports. In building up pressure on Moscow, the US and its allies will use their considerable experience of restrictions against Iran. Tehran continues to survive under the sanctions, although it has suffered losses. There is no doubt that Russia will also retain efficient ways to supply its oil to foreign markets. However, as in the case of Iran, the sanctions will increase the cost of those exports.
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