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Sunday, November 30, 2025 | 01:05 PM ISTहिंदी में पढें
US sanctions on Russia likely to cripple India's crude oil imports
Russian grades constituted around 39% of India's oil imports in May
 "oil trade, Russia, Crude Oil, Vladimir Putin, US sanctions")
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India does not recognise sanctions by the UK and the European Union. It does not recognise United States sanctions either but Indian banks and refiners are wary of Washington, Indian officials say
A powerful senator in America has sponsored a Bill increasing sanctions on Russian crude oil after Russian President Vladimir Putin last weekend bombed Ukraine.
The Bill, if cleared, will cripple India’s import of Russian oil, according to industry officials and the ship-tracking data.
New measures from America are “secondary sanctions”, like a 500 per cent tariff on countries buying Russian energy, targeting India and China. The proposed law endangers supplies of nearly two million barrels per day (bpd) of Russian crude oil, worth around $154 million, at the rates worked out in February, according to calculations by Business Standard based
Topics : Vladimir Putin oil trade Russia Crude Oil US sanctions
