Best of BS Opinion: Oil shock, Putin and his Akhand Russia & more
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The Brandenburg Gate is illuminated in the colours of Ukraine during a solidarity demonstration in Berlin, Germany Photo: AP/PTI
Russia’s invasion of Ukraine is bad news for the world and worse news for India which imports 85 per cent of its oil needs. A retail shock can be expected after the Assembly elections, more so because pump prices haven’t risen since November, crimping consumer spending and, therefore, growth. All of this makes for a more uncomfortable outlook than prevailed at Budget time a month ago, writes T N Ninan. Read it here