Brussels has reportedly proposed imposing trade restrictions on three entities over what it calls support of Moscow China firmly opposes a reported EU proposal to impose trade restrictions on three Chinese firms over their cooperation with Russia, the Foreign Affairs Ministry has said in a statement seen by Bloomberg, calling the potential move “illegal sanctions.”
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India’s largest oil and gas company, Indian Oil Corporation (IOC), bought three million barrels of Urals crude oil from Russia on Wednesday, the Deccan Herald newspaper reported citing trade sources.
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