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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.

Prepared by Christopher Adams and reviewed by editorial team.