‘Exaggerated’: India’s gains from discounted Russia oil just $2.5 bn, says CLSA; far below estimates
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A CLSA report indicates India's savings from discounted Russian oil imports are around $2.5 billion annually, significantly less than media estimates. While India benefits from affordable energy, the discounts are offset by shipping costs and the need to blend with higher-quality oil. Halting Russian imports could spike global crude prices, highlighting India's role in stabilizing the market. What's Your Reaction?
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