G7 and The European Union(EU) has joined the United States and the United Kingdom in banning imports of Russian diesel with a price cap on refined fuel in response to attack on Ukraine.
To know about G7’s price cap plan, click here
On Russia
On European Union
India and China which have emerged as the biggest buyers of Russian crude oil in the last 12 months, could play a big role in hold up the EU’s diesel stocks.
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