Russian oil cargoes race to India as sanctions deadline nears
The clock is ticking for India-bound tankers carrying millions of barrels of crude from blacklisted Russian suppliers Rosneft PJSC and Lukoil PJSC, with a wind-down period for US sanctions set to end this Friday.
At least 7.7 million barrels of Russia’s flagship Urals crude linked to the two sanctioned producers are set to reach India’s shores after the US restrictions take effect on Nov. 21, according to data from Kpler Ltd. That raises questions on whether the crude will be able to discharge smoothly, given the deadline.
