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Ukraine crisis: Payments stopped, Russian firms pressure Indian banks
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Russia-Ukraine crisis: Rising crude oil prices put growth prospects at risk

The latest Economic Survey for FY22 projected economic growth at 8-8.5 per cent assuming crude oil prices at $70-$75 per barrel

Topics
Russia Ukraine Conflict | Crude Oil Price | Indian Economy

Asit Ranjan Mishra  |  New Delhi 



Oil, Brent Crude, Oil Prices, Oil Companies
A prolonged war could also impact economic growth in other parts of the world, especially Europe, which is heavily dependent on Russia for energy supplies.

The may be heading towards an oil shock in FY23 with Brent crude crossing $113 per barrel on Wednesday, the highest in nearly eight years, due to disruptions in supply amid escalating Russia-Ukraine tensions.

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First Published: Thu, March 03 2022. 06:10 IST

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