India Faces Sanctions Risk Over Russian Oil Imports | JQJO

India's reliance on discounted Russian oil could face consequences. The US has threatened secondary sanctions and tariffs on nations trading with Russia if a ceasefire isn't reached by September 2nd. The EU recently imposed an 18th sanctions package, including a lowered price cap on Russian oil and targeting Russia's oil tanker fleet and a refinery in India. India, now Russia's top oil importer, insists it has diversified its sources, but potential sanctions could significantly impact its economy and Russia's war effort.