"When the well’s dry, we know the worth of water,” Benjamin Franklin once said. In today’s world, where energy fuels economies and drives geopolitical strategies, this adage resonates deeply.

For India, a nation heavily reliant on imported energy, the latest Western sanctions targeting Russian oil have triggered a pivotal moment.

Numerous restrictions put in place by the US and its allies since 2022 have not only disrupted global oil flows but have also forced major economies to re-evaluate their energy strategies. Caught in the crossfire of the latest sanctions yet again, New Delhi faces a delicate challenge, securing its energy needs without compromising its geopolitical relationships.

The latest sanctions on Russia, designed to cripple its revenue streams, represent some of the most stringent measures yet. These include bans on oil tankers, traders, and entities linked to Russia’s energy sector. While these sanctions aim to isolate Russia economically, their ripple effects extend globally, leaving energy-importing nations like India to navigate uncharted waters.

The latest round of Western sanctions against Russia has introduced unprecedented challenges to global oil markets as they target not only direct oil sales but also logistical channels. For........

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