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India Says It Will Keep Buying Russian Oil With or Without U.S. Sanctions Waiver

The statement signals India does not plan to halt Russian crude purchases even if no waiver is granted under U.S. sanctions measures.

Summary

India said it will continue buying Russian oil regardless of whether it receives a U.S. sanctions waiver. The statement points to ongoing energy trade between India and Russia despite U.S. sanctions pressure. For markets, oil trade flows and sanctions policy can affect inflation, global energy prices, and risk sentiment across assets including cryptocurrencies.

Terms & Concepts
  • Sanctions waiver: An official exemption that allows specific trade or financial activity to continue despite broader sanctions restrictions.
  • Risk sentiment: The overall market appetite for riskier assets, which can influence flows into cryptocurrencies and other volatile investments.
  • Macroeconomics: The study of economy-wide forces such as inflation, trade, growth, and policy that can affect financial markets.