US EditionIndia’s pragmatic balancing: Navigating US sanctions on Rosneft and Lukoil
India is cutting Russian oil imports due to US sanctions risks while preserving defence ties and diversifying sources, with imports from about 40 countries cushioning the shift.
9 Articles
9 Articles
What New U.S. Sanctions on Rosneft and Lukoil Mean for Russia’s Oil Trade
The United States’ first sanctions on Russia since Donald Trump’s return to the White House have targeted the country’s two largest oil producers in a move that could ripple through global energy markets.
The global oil market is experiencing turmoil. Initially, the US claimed that India had reduced its crude oil purchases from Russia at President Trump's request. Now, data shows that India is increasing its crude oil purchases from the US, reaching a three-year high.
India’s pragmatic balancing: Navigating US sanctions on Rosneft and Lukoil
A phased, compliance-driven reduction of Russian crude—paired with accelerated diversification into Middle Eastern and Atlantic Basin grades—minimises legal and financial risk while positioning India to convert progress into tariff relief and a trade deal with the United States
Saudi OPEC Strategy Pulled by Warring US, Russia Interests: Bousso - Energy News, Top Headlines, Commentaries, Features & Events
Saudi Arabia is caught between Donald Trump and a hard place, as the U.S. president’s latest oil sanctions on Russia force Riyadh to weigh competing geopolitical and economic priorities. Washington last week sanctioned Russia’s top two oil companies Rosneft and Lukoil, which jointly produce around 5% of global oil supplies. The U.S. is seeking to ...
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