The Headlines – No oil from Russia soon? Trump sanctions to hit India’s crude imports; ‘all but impossible for flows to continue’

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The Headlines – No oil from Russia soon? Trump sanctions to hit India’s crude imports; ‘all but impossible for flows to continue’

New US sanctions on major Russian oil firms Rosneft and Lukoil are likely to lead India to halt crude oil procurement from Russia, which constituted over 36% of its imports this year. Indian refiners are reviewing documentation to ensure compliance, with upcoming orders expected to shift to alternative sources.

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