US sanctions threaten to halt India’s Russian oil imports; Reliance ‘recalibrating’
US President Donald Trump’s decision to sanction Russia’s top crude giants Rosneft and Lukoil is expected to stop the oil flows to Indian refiners to a near zero, according to a Bloomberg report.
“Senior executives at the processors said the latest restrictions announced by Washington overnight would make it all but impossible for flows to continue,” the report stated.
