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Russia crude oil restrictions: EU imposes sanctions on Rosneft's India refinery, lowers oil price cap - how it may benefit India

IndiaTimes Friday, 18 July 2025 ()
The EU has intensified sanctions against Russia, targeting oil revenues and military capabilities due to the Ukraine conflict. These measures impact a Rosneft-owned Indian refinery and lower the oil price ceiling, potentially benefiting India through cheaper crude.
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