Russia to face serious challenges if world stops buying its oil: Zelenskyy ...Middle East

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Russia to face serious challenges if world stops buying its oil: Zelenskyy
source : Business Standard ( Middle East ) () 80
Russia will have significant challenges if the world, including India, stops buying subsidised oil from it, Ukrainian President Volodymyr Zelenskyy said on Friday. The West has been critical of India's continued buying of Russian oil despite sanctions on that country since its invasion of Ukraine in February 2022. Imports from Russia, which were less than one per cent of the total oil imported in the pre-Ukraine war period, now make up for almost 40 per cent of India's total oil purchases. On Friday, pointing out that there are very significant contracts between India and Russia vis-a-vis oil, the Ukrainian president said, Putin is afraid of losing the economy, he has nothing except for oil,

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