In a recent interview with the Associated Press, Treasury Deputy Secretary Wally Adeyemo acknowledged that India will continue rejecting US and EU calls to boycott Russian oil due to the allure of cheap oil.
In recent days, Reuters reported that India's purchases of cheap Russian oil increased sharply in June, reaching 950,000 barrels daily. This represented a 15.5 percent increase from May (when India imported 819,000 bpd), but imports from its top two suppliers, Iraq and Saudi Arabia, ...
