India buys Russian crude because it is usually cheaper than Middle Eastern alternatives and India imports most of the oil it refines. Russia's share of India's…
As Western buyers stepped back from Russian crude following the February 2022 invasion of Ukraine, Russia began offering steep discounts of $10-13 a barrel. Indian refin…
The G7, EU and Australia introduced a $60/barrel price cap on seaborne Russian crude, barring Western shipping, insurance and financing services for cargoes sold above t…
By January 2023, India surpassed China and the EU to become the single largest buyer of seaborne Russian crude, at over 1.6 million barrels a day, displacing Iraq and Sa…
The EU's 18th sanctions package designated Nayara Energy's Vadinar refinery - 49.13%-owned by Rosneft - the first time an Indian-registered refinery was directly named i…
Trump added a 25% tariff on top of an earlier 25% reciprocal tariff, taking the cumulative additional US tariff on Indian goods to 50%, explicitly linked to India's Russ…
OFAC designated Rosneft, Lukoil and their global subsidiaries under Executive Order 14024 on October 22, 2025 - the first direct US sanctions on Russia's two largest oil…
India's Russian oil imports fell 22% month-on-month to 1.38 million barrels/day, cutting Russia's share to 27.4% - the lowest since January 2023 - as Reliance Industries…
Trump announced a trade deal lowering tariffs on India from 50% to 18%, saying Modi had agreed to stop buying Russian oil and to purchase over $500 billion in US energy…
Russian crude accounted for a record 55.5% of India's crude imports - about 2.8 million barrels/day - per Kpler data, as Ukrainian drone strikes on Russian refineries an…
The US Senate passed the Sanctioning Russia and Iran Act of 2026 with bipartisan support, which would let the president impose tariffs up to 100% on the top five buyers…
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