EU-US policy divide on Russian oil sales to India to hit October trade

The growing policy divide between the United States and the European Union on Russian oil exports to India is likely to play out in a small reduction in crude flows in October, analysts and trade sources with knowledge of loading plans said.

The U.S., EU and G7 allies sanctioned Russian imports after Moscow’s invasion of Ukraine, and prohibited insurers and maritime service providers from facilitating exports to third countries unless they were below a price cap.