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The great Indian oil arbitrage: CronyCapitalism for billionaires, nothing for the 1.45 billion

  India’s import of discounted Russian crude post-Ukraine war could’ve been a geopolitical masterstroke—securing energy, reducing inflation, and easing public burden. Instead, it became a case study in crony capitalism: private profits for a few, public pain for many. The Opportunity That Was Squandered When the West sanctioned Russia in 2022, India boosted its Russian […]


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