Explained: How Russia-Ukraine conflict may impact India's economy

In a recent development, India's top lender SBI will not process any transactions involving Russian entities subject to international sanctions imposed on Russia. Besides, Indian Oil Corp (IOC) said it would no longer accept cargoes of Russian crude and Kazakh CPC Blend cargoes on a free on board (FOB) basis due to insurance risk.

from Economy-News-Economic Times https://ift.tt/K30rdal
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