U.S. Sanctions Are Squeezing India's Russian Oil Imports

The 2022 Russian invasion of Ukraine and subsequent sanctions on Russian energy led to widespread gas shortages and stopped Russia from selling its crude to the U.S., Europe, and several other countries worldwide. The sanctions were aimed at hindering Russia’s economic might and encouraging Putin to bring an end to the war, which has not yet happened. While most countries shifted their dependence away from Russian energy, some states decided to ignore the sanctions and purchase Russian crude at a discounted rate, including China and India.…