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India says it will continue to buy Russian oil
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleRussia's President Vladimir Putin (R) speaks with India's Prime Minister Narendra Modi (AFP/Getty)India has stated it will continue to purchase Russian crude oil, irrespective of the US sanctions waiver's expiration on 16 May. The temporary US sanctions waiver, initially introduced to stabilise global energy markets following disruptions from the Iran war, was not extended despite India's request. India's imports of Russian oil reached record levels, with daily inflows hitting 2.3 million barrels per day in early May, driven by significant disruptions to Middle Eastern supplies. The Iran war has drastically altered global oil dynamics, causing Middle Eastern crude supply to India to plunge by 61 per cent in March, while Russian supply nearly doubled. Russia has been India's primary crude supplier since 2022, benefiting from Western sanctions on Moscow that led to discounted oil offers, and now from the increased profitability due to the Iran war. In fullIndia vows to keep purchasing Russian oil, US ‘waiver or no waiver’Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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english.alarabiya.net
India buying Russian oil irrespective of US sanctions waivers, Indian official says
India has been buying Russian oil irrespective of US sanctions waivers, Sujata Sharma, a joint secretary in the petroleum ministry, said on Monday.
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timesofindia.indiatimes.com
Trump sanctions: India puts energy security first; says buying Russian crude oil irrespective of US waiver
Making its energy security mandate clear, India has said that it is buying crude oil from Russia irrespective of a sanctions waiver by the US. The statement from Sujata Sharma,…
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thehindubusinessline.com
‘India buys Russian oil irrespective of US sanctions or waivers’
India has been buying Russian oil irrespective of U.S. sanctions waivers, Sujata Sharma, a joint secretary in the petroleum ministry, said on Monday.
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theprint.in
India to keep buying Russian oil regardless of US sanctions waivers, says official
New Delhi, May 18 (PTI) India has been purchasing Russian oil irrespective of US sanctions waivers and will continue to do so based on commercial viability and energy security…
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oilprice.com
India's Oil Refiners Slated To Ride Out Disruptions After Russian Waiver Ends | OilPrice.com
India holds 60 days of crude reserves and has multiple supply alternatives as the U.S. Russia sanctions waiver expires, officials say.
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‘Waiver or no waiver’: Six reasons why India will continue to buy Russian crude oil despite Trump sanctions
The Donald Trump administration may have allowed the sanctions waiver on Russian crude to expire on May 16, but India has made it clear that it will continue to procure oil from…
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India to continue purchasing Russian crude notwithstanding US sanctions
India will persist in buying Russian crude oil despite US sanctions, prioritizing energy security and commercial viability.
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India can ride out disruption after Russian oil waiver lapse
India's oil refiners are poised to manage supply disruptions post-Russian oil waiver expiration, thanks to alternative sources and reduced demand.
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‘Reduce China’s ability to stockpile discounted oil’: Trump admin extends sanctions waiver on Russian crude - what it means for India
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hindustantimes.com
US extends sanctions waiver on Russian seaborne oil: What it means for India
US sanctions restrict Russian oil trade but a temporary waiver allows crude already in transit to be delivered to avoid global supply disruptions. | India News
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scroll.in
India continues to buy Russian oil regardless of US sanction waivers, says official
The statement came on the same day that the United States extended a temporary waiver allowing countries to access Russian oil currently stranded at sea.
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independent.co.uk
India says it will continue to buy Russian oil
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleRussia's President Vladimir Putin (R) speaks…
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Waiver or no waiver, Russian crude remains centrepiece of India's oil imports strategy
With Washington issuing a third 30-day waiver for Russian crude cargoes at sea, India signals continuity in import strategy while ramping up purchases from Venezuela and other…