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Even before Trumpâs Russia âpenaltyâ threat, Indian refiners began cutting down on Russian oil imports amid intensifying Western pressure
Industry insiders, experts, and trade sources indicate that renewed pressure and threats from the US and Europe over the past few weeks have cast a shadow on Indiaâs Russian oil imports, and could mark the beginning of Indian refiners pivoting away from Moscowâs oil.
US Sanctions Force Vessels With Russian Oil to Divert From India, Sources Say
Tighter Western sanctions aimed at cutting Russia's oil revenue, seen as funding its war against Ukraine, have been increasingly hitting Russian oil supplies for India, which buys more than a third of its oil needs from Russia. Tagor is now heading to Dalian in China, while Tassos is diverting to Port Said in Egypt, the data shows.
Despite renewed threats of penalties from President Donald Trump, Indian officials confirm there's no change in their policy of purchasing oil from Russia, prioritizing national energy security.
President Donald Trump is ratcheting up the pressure on India, calling into question the prospects of a deal with a key US ...
If youâre funding Russiaâs war machine through trade, youâre in the crosshairs,â Whitaker warned, specifically naming India, ...
Back in April, President Donald Trump had claimed to have done âover 200 dealsâ in an interview with Time Magazine, and trade ...
Although historically close with Russia, India's rise as a regional power has seen it effectively balance competing geopolitical interests between the East and West. Its economic relations with China ...
President Trump issued a warning early Thursday morning to former Russian President and Prime Minister Dmitry Medvedev after ...
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