Asian giants China and India – stocking up on Russian oil while the US and Europe impose punitive sanctions on Moscow over its invasion of Ukraine – are keeping President Vladimir Putin’s war machine funded and weakening the West’s strident efforts to isolate Kremlin, the New York Times reported.
China and India, which stepped up purchases of Russian oil at deep discounts to the market price in the past four months in what is being seen as a major relief for both nations amid surging inflation, have managed to fill the void left by Europe, the report added.
Read the full report: The New York Times.
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