Russia’s move to ban the export of processed petroleum for six months beginning March 1 won’t affect India as it is not expected to extend to crude oil, refinery officials said.
Russian officials had confirmed this in discussions held in December, they added.
Russian media on Tuesday reported that the country has accepted proposals to implement the ban to meet the rising domestic demand. “The latest ban is focused on processed petroleum exports, which doesn’t affect us. However, these bans are not expected to spill over onto the crude side. We have got this sense from discussions with Russian officials in December,” an official said.
