Study reveals China and India resell Russian oil to Western nations under sanctions.

China, India, Turkey, UAE, and Singapore have increased imports of Russian oil and resold it to Western nations that have imposed sanctions on Moscow, according to a study by the Centre for Research on Energy and Clean Air. The report called the operation a "major loophole" that undermines the impact of sanctions on Russia and provides funds to Putin's war chest. The EU and G-7 imposed a price cap of $60 per barrel and banned seaborne imports of Russian crude in December. However, the study found that the price-cap coalition's imports of refined oil products from the five countries rose by more than 10 million tons in the year since Russia's invasion compared to the prior year.