Trump sanctions impact on India’s Russian oil trade: Refiners stop placing new orders, await clarity; US crude imports at highest since 2022
Donald Trump sanctions impact: With the US and EU imposing fresh sanctions on Russian oil, Indian oil refiners have stopped any fresh orders of Russian crude. According to a Reuters report, the refiners are waiting for clarity to emerge from suppliers and the government.
The sanctions imposed by the European Union, the UK and the United States against Russia over its Ukraine conflict include recent US measures announced on Thursday targeting Russia’s leading oil companies Lukoil and Rosneft.
