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US-Russia competition for India energy market

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FIRST ENTRY AUG 27
AUG 27 · Day 1

US and Russia compete for share of India's energy market

The Russia Sanctions bill proposing up to a 100% levy on countries buying Russian energy supplies will move to the U.S. House for final approval in September.

Between April and July, Russian exports to India rose nearly 60% from the previous year.

In August last year, Washington imposed a 25% tariff on imports from India as a penalty for buying Russian oil and revoked them in February.

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