https://www.taxtmi.com/news?id=35162 Western economic sanctions and a price cap on Russian crude altered trade flows, leading to large-scale purchases of discounted Russian oil by importers such as India. Indian refineries processed this crude and exported refined products to G7+ markets, with transshipments through EU waters. Applying the price cap to CIF pricing and monitoring tanker shipments reduced modeled Russian export revenues and contributed to shrinking price discounts and increased valuations for crude used in re-exported products. en-us Tue, 25 Feb 2025 10:46:02 +0530 Tue, 25 Feb 2025 10:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35162 Western economic sanctions and a price cap on Russian crude altered trade flows, leading to large-scale purchases of discounted Russian oil by importers such as India. Indian refineries processed this crude and exported refined products to G7+ markets, with transshipments through EU waters. Applying the price cap to CIF pricing and monitoring tanker shipments reduced modeled Russian export revenues and contributed to shrinking price discounts and increased valuations for crude used in re-exported products. News - Tue, 25 Feb 2025 10:46:02 +0530 https://www.taxtmi.com/news?id=35162