[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Kashyap Sriram [@kashyap286](/creator/twitter/kashyap286) on x 20.5K followers Created: 2025-07-19 05:32:36 UTC After successfully steamrolling over Slovakia and Hungary, the EU added more sanctions on Russian energy. With oil below the previous $60/bbl price cap, Greek shippers have been making bank transporting Russian crude. The new price cap of $47.6/bbl ends this lucrative trade and/or pushes more tankers into the shadow fleet. Net impact: higher energy prices for EU residents, lower oil import costs for China and India. Taking it a step further, the EU has now sanctioned a refinery in India because it is part owned by Rosneft. How will India respond? "Europe has to grow out of the mindset that its problems are the world’s problems but the world’s problems are not Europe’s problems." - S. Jaishankar, India's Minister of External Affairs, speaking in Slovakia in 2022. What are the odds the EU's heavy handedness will be seen as neo-imperialism?  XXXXX engagements  **Related Topics** [$476bbl](/topic/$476bbl) [$60bbl](/topic/$60bbl) [coins energy](/topic/coins-energy) [hungary](/topic/hungary) [slovakia](/topic/slovakia) [Post Link](https://x.com/kashyap286/status/1946443031416291723)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Kashyap Sriram @kashyap286 on x 20.5K followers
Created: 2025-07-19 05:32:36 UTC
After successfully steamrolling over Slovakia and Hungary, the EU added more sanctions on Russian energy. With oil below the previous $60/bbl price cap, Greek shippers have been making bank transporting Russian crude. The new price cap of $47.6/bbl ends this lucrative trade and/or pushes more tankers into the shadow fleet.
Net impact: higher energy prices for EU residents, lower oil import costs for China and India.
Taking it a step further, the EU has now sanctioned a refinery in India because it is part owned by Rosneft.
How will India respond?
"Europe has to grow out of the mindset that its problems are the world’s problems but the world’s problems are not Europe’s problems." - S. Jaishankar, India's Minister of External Affairs, speaking in Slovakia in 2022.
What are the odds the EU's heavy handedness will be seen as neo-imperialism?
XXXXX engagements
Related Topics $476bbl $60bbl coins energy hungary slovakia