Reprieve for India as US eases sanctions on buying Russian oil
New Delhi to benefit from 30-day waiver as energy prices soar
New Delhi to benefit from 30-day waiver as energy prices soar

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

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

If New Delhi reduced its purchases to zero, oil prices and inflation would jump

New Delhi makes overtures to Moscow amid stalemate with Washington over Russian oil purchases

Import-dependent countries take advantage of US sanctions waiver to replace disrupted Gulf supply

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