Lakshmi Mittal’s energy venture bought Russian oil transported on blacklisted ships
Indian refinery received at least four crude shipments this year worth almost $280mn on sanctions-listed vessels
Indian refinery received at least four crude shipments this year worth almost $280mn on sanctions-listed vessels

Statement follows FT reporting on crude purchases that had been transported on sanctioned vessels

Largest refineries look at curbing purchases after US measures aim to impede Putin’s war machine

India’s oil purchases from Russia are chokepoint between Washington and New Delhi

Western sanctions will not be effective until the loophole for facilities in India, Turkey and China is closed

US permission to buy ‘on-water’ crude leaves Indian refiners still facing Middle East supply shock

Decision risks upending the industry by disrupting exports and forcing both companies to adapt