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India sees America’s oil sanctions bill as hostile
['Tushar Sharma']
News Archives - The Sunday Guardian
If Russian energy revenue is the concern, the same standard should apply across major economies.
Singling out India’s crude purchases for tariffs while Russian gas and LNG keep flowing into Europe is a double standard that Delhi is objecting to.
Their point is narrower: if Russian energy revenue is the concern, the same standard should apply across major economies.
The measure covers the five largest importers of Russian crude oil or gas and the top five countries facilitating Russian oil sanctions evasion.
The precise exposure differs according to a country’s position in the crude, gas and sanctions-evasion categories and the applicability of the exemption provisions.