Indian imports bill could rise by $14 billion after stopping Russian oil imports
If India were to stop buying Russian crude oil, Indian imports bill could rise by up to $14 billion as a result of expensive imports from elsewhere. But the true impact on India —and Western nations as well— could be larger as India's purchase of Russian oil has kept international prices low so far.
If India were to stop buying Russian crude oil, Indian imports bill could rise by up to $14 billion as a result of expensive imports from elsewhere. But the true impact on India —and Western nations as well— could be larger as India's purchase of Russian oil has kept international prices low so far.
