The South-Asian nation won’t face EU secondary sanctions for such a decision, an analyst told TASS The chances of India backing the G7 price cap imposed on Russian oil are almost zero, as the country will prioritize its own political and economic interests, an Observer Research Foundation (ORF) analyst told TASS on Wednesday. Nandan Unnikrishnan said India would not be targeted with secondary sanctions for rejecting the mechanism introduced by the EU, G7 countries and Australia in December. The measures target Russia’s seaborne crude, banning Western businesses from providing insurance and other services in respec
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