Tag Archives: Energy Sanctions

India Oil Squeeze on Russia

The message in this article is that Trump’s pressure on India not to buy Russian oil may work in part. But it’s an example of how industries will always find a way around trade barriers. It won’t actually reduce the quantity of Russian oil flowing, though it might depress the prices a bit. And if some country decides to be antagonistic to the US, they could make the practice counterproductive.

Trade controls always have consequences you didn’t foresee.

By Ron Bousso, Reuters

https://gcaptain.com/trumps-india-squeeze-to-push-russian-oil-further-into-the-shadows/