A growing number of Russian oil cargos are arriving in the UAE since the embargo began last December. Russian oil exports to China and India are running at record highs, even with a narrower discount on Brent crude.
- Mar 16, 2023, 5:00 PM CDT
"It's safe to say that some major consumers in Asia, most notably India and China, are the major winners of the sanctions," Ole Hansen, the commodities head of Danish Saxo Bank, told Reuters.
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