India set to curtail Russian oil imports after new US sanctions on Rosneft, Lukoil: Report
India is set to curtail its Russian oil imports to comply with new US sanctions on two top Moscow-backed producers, Reuters reported on Thursday citing sources. That potentially removes a major hurdle to the India-US trade deal that’s been in the works for months.
HT.com has not independently verified this news.
To begin with, Reliance Industries Ltd. will stop its Russian oil imports under a 500,000 barrel/day deal with Rosneft—one of the Moscow-backed producers slapped with fresh sanctions.
