Moscow and New Delhi “should think about the future” in the wake of Western sanctions, India’s ambassador suggests Moscow and New Delhi should consider jointly building oil-carrying ships and establishing energy insurance companies, India’s ambassador to Russia suggested on Thursday. Pawan Kapoor’s initiative follows the introduction of a price cap on Russian seaborne oil exports of $60 per barrel imposed by the EU, G7 countries and Australia, which prohibits Western shipping, insurance and re-insurance companies from handling Russian crude cargoes sold above the set price. Oil supplies to India, which remained Ru
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