SPOTLIGHT: New sanctions on Russia may push India to West Asia, US for oil
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SPOTLIGHT

New sanctions on Russia may push India to West Asia, US for oil

As the latest round of western sanctions on Russia's energy sector threaten to cripple supply from the region, India could shift a major chunk of its crude oil imports to West Asia or even the US, analysts said. However, experts believe market participants will be in a wait-and-watch mode till US President-elect Donald Trump takes office.

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