Sign that the United States is preparing to restrict purchases of Russian oil by other countries

Via a Reuters report.

  • A significant increase in Russian oil imports by India could put New Delhi at ‘great risk’ as the United States prepares to step up sanctions against Moscow for its invasion of Ukraine, a source said. senior US government official.
  • Although the current US sanctions against Russia do not prevent other countries from buying Russian oil, the warning suggests that Washington will try to limit other countries’ purchases to normal levels.

Currently, the United States does not object to other countries buying Russian oil, but that seems like a fine line.

Meanwhile….it’s OPEC day!


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