Indian oil refiners are restructuring supply chains, creating new entities, and exploring alternative payment methods to maintain Russian crude imports amid tightening international sanctions.
Indian oil refiners are accelerating payments for Russian crude oil imports to ensure transactions are finalized before the enforcement of new U.S. sanctions. These sanctions, set to take effect shortly, target Russian oil producers and a fleet of vessels involved in transporting Russian crude, aiming to curtail Moscow’s revenue streams. The U.S. sanctions focus on
New US sanctions target Russian oil exports, impacting supplies to China and India.
