The U.S. Is a Major Importer of Indian Products Made From Russian Oil

India’s State-Owned Refiners Seek to Restore Russian Oil Flows

State-owned oil refiners in India want to fully revive purchases of discounted Russian crude — pushing back against US pressure — but plans have been set back by a lack of cargoes, people familiar with the matter said.

The U.S. is a major importer of Indian products made from Russian oil

The United States imports oil products from India's Reliance Industries refinery, which sources nearly half its oil from Russia.

India’s state-owned refiners seek to fully revive Russian crude buys despite US pressure

Despite US pressure, Indian state-owned oil refiners aim to revive discounted Russian crude purchases. However, a lack of available cargoes due to redirection to China and increased competition from other nations is hindering these plans. While India intends to continue buying Russian oil, imports have already decreased, and further declines are expected as China increases its intake.

"Will undoubtedly buy": FM Sitharaman says Russian oil suits India's needs

NEW DELHI : Union Finance Minister Smt. Nirmala Sitharaman on Friday said that India will continue purchasing Russian oil, stressing that decisions will be guided solely by national interest. “Whether it is Russian oil or anything else, we will take a call based on what suits our needs in terms of rates, logistics, or whatever. Where we buy our oil from, especially since it is a big-ticket foreign exchange-related item, is a call we will take ba…