SMM

Recently, the G7 launched a new round of sanctions against Russia to make up for the loopholes in the previous sanctions on Russia. The European Union and its allies have conducted a diplomatic effort aimed at persuading countries such as Turkey, the United Arab Emirates, and Central Asian countries to take tougher action. In addition, Europe and the US are focusing on India's behaviour of reselling Russian energy for profit. According to the CREA report, India has become a major buyer of Russian crude oil, of which about 20% is resold to Europe and the United States.