The Biden administration’s leading international energy adviser has called on India not to go “too far” as it increases imports of discounted Russian crude that has lost buyers in Europe.
Indian purchases of seaborne Russian oil have surged as exporters slash prices for Urals, the country’s main crude export stream, after European refineries began shunning the cargoes and the EU moved to end its dependence on Russian energy following Moscow’s invasion of Ukraine.
The deals are causing frustration in western countries, which are paying higher prices for oil in part due to efforts to restrict Russian export revenue that is being used to wage war.
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