The US expands sanctions on Russia’s energy sector, targeting oil exports and key players like Surgutneftegas and Gazprom Neft
Sanctions on Russian insurance firms and tankers disrupt crude shipments, raising costs and delays for Indian refiners
Reliance on unregulated shadow fleets increases accident risks, with incidents reported in the Black Sea and Baltic Sea
India diversifies its sources, securing six million barrels from Gulf producers and two million barrels of West Texas Intermediate crude
The new normal for Russian oil: higher costs, less reliability, and greater risks for global markets
India must adapt with diversified energy imports and strategies to mitigate future disruptions