US EditionUS sanctions force vessels with Russian oil to divert from India, sources say
INDIA, AUG 1 – US sanctions and threats of 100% tariffs have led Indian state refiners controlling over 60% of capacity to suspend Russian crude purchases, disrupting oil flows off India’s coast.
- Following new US sanctions, at least two vessels loaded with Russian oil bound for India diverted to other destinations, trade sources report.
- On July 14, President Donald Trump threatened 100% tariffs on countries importing Russian oil, then cut his deadline to 10 days on Tuesday.
- The Achilles and Elyte, both Aframaxes, are anchored near Jamnagar after missing their scheduled Sikka terminal arrival on July 30-31, each holding about 700,000 barrels.
- Four major Indian state-owned oil companies, accounting for over 60% of refining capacity, have suspended Russian crude purchases, prompting authorities to seek alternative suppliers.
- With tighter Western sanctions since mid-July, India faces disruptions as over a third of its oil imports from Russia are affected, amid recent weeks of headlines.
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Russian oil tankers linger near India as refiners seek alternatives, Bloomberg reports
At least four oil tankers carrying Russian crude are idling off India's western coast as Indian refiners reconsider purchases under sanction pressure from the United States and the European Union.
·Kyiv, Ukraine
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Russian Oil Tankers Idle Off India as Sanctions and U.S. Tariff Threats Disrupt Trade
At least four tankers carrying Russian crude are idling off India’s western coast as mounting sanctions and warnings of steep U.S. tariffs disrupt oil flows, the Indian business outlet NDTV Profit reported.
·Amsterdam, Netherlands
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