The 27-nation E.U. also approved a plan to lower the price cap on Russian crude oil and ban transactions with 22 more Russian banks.

India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, oil minister Hardeep Singh Puri said on Thursday. Earlier this week, U.S. President Donald Trump warned that countries purchasing Russian exports could face sanctions if Moscow fails to reach a peace agreement with Ukraine within 50 days.

Amidst Trump's threat of secondary tariffs on countries trading with Russia, will India's crude oil supply face uncertainty? Russia has become India's

Western sanctions aimed to cripple Russia’s oil trade, but a hidden network of offshore firms, rogue traders, and aging tankers created a “shadow fleet” that keeps crude flowing. This dark system fuels Putin’s war machine while exposing global loopholes in finance,

Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption.

Trump has threatened 100% ‘secondary tariffs’ on likes of India and China, which experts warn could cause a global spike in oil prices