Did India Bow To US Pressures? Top Refiners To Slash Russian Oil Imports, Scramble To Secure Alternatives
New Delhi: India is set to significantly reduce direct imports of Russian crude oil from late November as new US sanctions targeting Rosneft and Lukoil take effect on November 21. Analysts suggest that Indian refiners, which account for more than half of the country’s Russian crude used in petrol and diesel production, will largely comply…