The Headlines – Trump sanctions impact on India’s Russian oil trade: Refiners stop placing new orders, await clarity; US crude imports at highest since 2022

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The Headlines – Trump sanctions impact on India’s Russian oil trade: Refiners stop placing new orders, await clarity; US crude imports at highest since 2022

Indian oil refiners are halting new Russian crude orders following fresh US and EU sanctions targeting Russian energy giants. This strategic shift, driven by a need for clarity and payment facilitation, sees India increasing imports from the US and Middle Eastern nations.

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