Trump’s sanctions on Russian oil firms: Will India’s state-run refiners continue imports? Why experts see limited impact
India’s state-run refiners will likely continue buying Russian crude via traders, sidestepping new US sanctions on Rosneft and Lukoil. These public sector units procure oil through independent European and Asian intermediaries, not directly from sanctioned entities. However, private giants like Reliance Industries, with direct contracts, may face sourcing challenges.🕒 1 min read
India’s state-run refiners will likely continue buying Russian crude via traders, sidestepping new US sanctions on Rosneft and Lukoil. These public sector units procure oil through independent European and Asian intermediaries, not directly from sanctioned entities. However, private giants like Reliance Industries, with direct contracts, may face sourcing challenges.
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