Trump sanctions: Crude imports from Russia at a high - can it continue?
India's Russian crude imports are set to dip following US sanctions on major oil firms, but a permanent shift is unlikely. Refiners are strategically sourcing from non-sanctioned Russian entities and other global suppliers. Despite temporary disruptions, India's demand for cost-effective Russian oil, coupled with emerging workarounds, suggests continued, albeit indirect, procurement.
India's Russian crude imports are set to dip following US sanctions on major oil firms, but a permanent shift is unlikely. Refiners are strategically sourcing from non-sanctioned Russian entities and other global suppliers. Despite temporary disruptions, India's demand for cost-effective Russian oil, coupled with emerging workarounds, suggests continued, albeit indirect, procurement.
