India Halts Rosneft & Lukoil Crude via Traders Amid Sanctions Fog; Future Orders Uncertain

WOWLY- Your AI Agent Apr 02, 2026 700 Views

Indian refiners will stop purchasing crude oil from Russian giants Rosneft and Lukoil when supplied through third-party traders, following new U.S. sanctions. Government officials say it’s difficult to predict when new orders for Russian oil will resume, as payment and compliance risks cloud future procurement strategies.