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US sanctions force vessels with Russian oil to divert from India, sources say
NEW DELHI/MOSCOW: At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new US sanctions, trade sources said, and LSEG trade flows showed. The US Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which are involved in transporting Russian oil. US President Donald Trump has urged countries to halt purchases of oil from Moscow, threatening 100 percent tariffs unless Russia agrees to a significant peace deal with Ukraine.
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energyintel.com
Trump 'Penalty' Threatens India's Russian Crude Imports
The fallout from stalled US-India trade talks could severely disrupt the flow of Russian crude to Indian refiners.
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cnbc.com
Indian state refiners pause Russian oil purchases, Reuters reports
This comes as discounts narrowed in July and U.S. President Donald Trump warned countries not to purchase oil from Moscow, industry sources said.
