Russia is now India's top oil supplier as price cap diverts flows

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Russia is now India's top oil supplier as price cap diverts flows
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Russia overtook Iraq as the biggest oil supplier to India last month as price cap measure diverts crude flows

Russia overtook Iraq as the premier oil supplier to India in November ahead of a pending price cap on Moscow's crude set to take hold next month.

A price cap imposed by the G7, Australia and the European Union is scheduled to take hold on December 5, in an effort to starve Moscow of revenue from oil sales.

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