Trump sanctions to hit India: Will New Delhi shift from Russian to US oil? Analysts weigh in
New US sanctions on Russian oil giants Rosneft and Lukoil are prompting Indian refiners to seek more crude from the Middle East, Latin America, and the US. While direct Russian imports may dip, supplies are expected to continue via intermediaries. This shift could increase India’s import bill, with Reliance Industries facing the biggest adjustment.🕒 1 min read
New US sanctions on Russian oil giants Rosneft and Lukoil are prompting Indian refiners to seek more crude from the Middle East, Latin America, and the US. While direct Russian imports may dip, supplies are expected to continue via intermediaries. This shift could increase India’s import bill, with Reliance Industries facing the biggest adjustment.
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