That was what I suggested last week would happen.
India in the last 3 months have imported some 60M barrels (27M barrels in May alone).
That is more than 4 times what they purchased from Russia in 2021.
Its a great opportunity to make a lot of money: you buy between $75 to $80, refine it and sell it at a premium. Nobody will know where it originate from, once its refined into petrol and diesel.
And I suspect other countries will catch on, they will buy Russian crude, mix it with other crude (if they choose to), refine it and resell to EU countries at a huge profit.
The EU and US simply opened up new opportunities for smart business people to make a lot of money.
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