Russian oil still powering EU – Bloomberg ...News

India has become the bloc's top fuel supplier by re-exporting Russian supplies, according to the outlet The EU is still powering its economy with Russian oil despite sanctions, Bloomberg reported this week. Member states are now said to be buying the sanctioned fuel through India. In December, the EU, G7, and allied countries imposed an embargo and a $60-per-barrel price cap on Russian crude and later introduced similar restrictions for exports of petroleum products. But India has not joined the ban and instead has ramped up purchases of Russian oil that Moscow has been offering at discounts. In 2022-2023, Indian

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