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India's embattled economy braces for another shock
India faces another economic challenge as new US sanctions on Russian oil producers and tankers will impact imports, potentially ending price discounts. With India relying heavily on Russian oil, higher prices could exacerbate inflation and depress consumption. Indian refiners are negotiating new contracts to diversify sources amid concerns of supply disruptions.
India faces another economic challenge as new US sanctions on Russian oil producers and tankers will impact imports, potentially ending price discounts. With India relying heavily on Russian oil, higher prices could exacerbate inflation and depress consumption. Indian refiners are negotiating new contracts to diversify sources amid concerns of supply disruptions.
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