India’s political neutrality over the war in Ukraine has expanded into economic opportunism. Purchases of Russian crude have soared from less than 1% of Indian oil imports before the invasion to nearly 17% in April

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India’s political neutrality over the war in Ukraine has expanded into economic opportunism. Purchases of Russian crude have soared from less than 1% of Indian oil imports before the invasion to nearly 17% in April (archive.ph)

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Neutral countries always do well in times of war. While other countries are fighting each other, the neutral countries buy from and sell to both sides.

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