Indian Refiners Pause Russian Oil Orders as U.S. Sanctions Bite
Update: 2025-10-28
Description
Indian oil refiners face uncertainty as they navigate new US sanctions on Russian energy companies, leading to a shift in oil sourcing and a search for alternative suppliers. Despite historical reliance on Russian oil for its price advantage, India is now exploring diversification to ensure energy security and stability amidst potential supply chain disruptions and financial risks.
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