Surprising Report Reveals: India’s Russian Oil Profits Far Lower Than Expected, Heavy US Tariffs Add More Burden
New Delhi, August 28, 2025 India’s much-discussed “oil advantage” from Russian crude may not be as profitable as it appears. A new CLSA report has revealed that, despite the hype, India’s annual profit from discounted Russian oil is only $2.5 billion — far below earlier projections of $10–25 billion. Big Media Hype, Small Real Profits…