Mittal joint venture says it has stopped buying Russian oil
Statement follows FT reporting on crude purchases that had been transported on sanctioned vessels
Statement follows FT reporting on crude purchases that had been transported on sanctioned vessels

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

Indian refinery received at least four crude shipments this year worth almost $280mn on sanctions-listed vessels

Trump administration signals support for proposal to divvy up sanctioned Russian company’s international businesses

Buyer had close ties to Moscow and was co-founded by close associate of Vladimir Putin

Washington also takes steps to reduce disruption stemming from sanctions it has imposed on Russian oil producer

Swiss trader’s audacious swoop on Russian group’s overseas assets revives industry speculation over Kremlin ties