Putin's vow to cut off Russian oil for G7 price-cap buyers is cracking, going by these 7 India-bound cargoes

Dec 16 2022 by Business Insider

 
An oil tanker.

Photo by ANGELOS TZORTZINIS/AFP via Getty Images

Russia is shipping millions of barrels of oil to India on Western-insured tankers, the FT reported Friday. It's the first sign Moscow may be breaking Putin's vow to shun countries that accept a G7 price cap. The cap has already sent its oil exports nosediving, and looks set to hit Russia's economy.

President Vladimir Putin has promised to refuse to sell Russian crude to countries that stick by the G7 price cap on its oil — but...

Continue Reading Putin's vow to cut off Russian oil for G7 price-cap buyers is cracking, going by these 7 India-bound cargoes