‘Absolutely not going to discontinue’: IOC to keep importing Russian oil despite US curbs
Indian refiners are assessing new US sanctions on Russian oil companies. Despite the measures, purchases of Russian crude may continue. This is because sanctions target specific entities, not the oil itself. Rosneft, a major supplier, acts as an aggregator. Refiners will buy if compliant with sanctions and price caps. This situation impacts private refiners differently.🕒 1 min read
Indian refiners are assessing new US sanctions on Russian oil companies. Despite the measures, purchases of Russian crude may continue. This is because sanctions target specific entities, not the oil itself. Rosneft, a major supplier, acts as an aggregator. Refiners will buy if compliant with sanctions and price caps. This situation impacts private refiners differently.
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