Will US' ban on Russian oil imports affect India?
Image Credit: NewsBytes
US President Joe Biden has announced a ban on imports of oil from Russia over its invasion of Ukraine. Experts quoted by Asianet News say that America's decision to ban Russian oil imports has no direct impact on India as India isn't joining it. If there are no price cuts, India would continue to maintain the status quo with Russia, Shishu Ranjan, VP, Barclays told Asianet.