Trump sanction fallout: HMEL halts Russian oil imports after new US curbs; denies blacklisted ship-use reports
HMEL, a joint venture involving Lakshmi Mittal and HPCL, has halted Russian crude oil imports due to new Western sanctions. The company stated this suspension is pending outstanding orders and cited restrictions from the US, EU, and UK. HMEL clarified it buys oil on a delivered basis, lacking visibility over intermediate vessel movements and denied allegations of using sanctioned ships.
HMEL, a joint venture involving Lakshmi Mittal and HPCL, has halted Russian crude oil imports due to new Western sanctions. The company stated this suspension is pending outstanding orders and cited restrictions from the US, EU, and UK. HMEL clarified it buys oil on a delivered basis, lacking visibility over intermediate vessel movements and denied allegations of using sanctioned ships.
