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India and China are still snapping up Russian oil β€” but they are demanding huge bargains

Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and Chinese leader Xi Jinping. Mikhail Svetlov/Getty...

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India and China are still snapping up Russian oil β€” but they are demanding huge bargains

Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and Chinese leader Xi Jinping. Mikhail Svetlov/Getty Images India and China now account for two-thirds of seaborne Russia crude oil exports.As major customers, they are demanding huge discounts from Russia, hitting Kremlin's war chest.Russia is losing about $4 billion a month in energy revenues, per Bloomberg's estimates.For more stories visit Business Insider.Russian energy revenues may finally be feeling the pinch β€” the European Union's sweeping sanctions against the country's energy exports are about to kick in on December 5, more than nineΒ months into the Ukraine invasion.As Kremlin is set to lose its single largest customer, it is redirecting...

India and China are still snapping up Russian oil β€” but they are demanding huge bargains

Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and Chinese leader Xi Jinping. Mikhail Svetlov/Getty Images India and China now account for two-thirds of seaborne Russia crude oil exports.As major customers, they are demanding huge discounts from Russia, hitting Kremlin's war chest.Russia is losing about $4 billion a month in energy revenues, per Bloomberg's estimates.For more stories visit Business Insider.Russian energy revenues may finally be feeling the pinch β€” the European Union's sweeping sanctions against the country's energy exports are about to kick in on December 5, more than nineΒ months into the Ukraine invasion.As Kremlin is set to lose its single largest customer, it is redirecting...

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