U.S. sanctions

24 Oct

Indian Refiners Adjust Crude Oil Sourcing Amid U.S. Sanctions on Russian Giants

Rajeev Sharma0 CommentsIndiacrude oil imports, Indian refiners, Lukoil, Rosneft, U.S. sanctions

LNew Delhi, October 24, 2025 — In response to recent U.S. sanctions targeting Russian oil majors Rosneft and Lukoil, Indian refiners are strategically diversifying their crude oil imports. The U.S. sanctions, announced on October 22, prohibit American entities from engaging with these companies and warn non-U.S. firms of potential secondary penalties, with a deadline of November 21 to wind down all transactions .Currently, Russia supplies approximately one-third of India's crude oil needs, equating to about 1.7 million barrels per day, with 1.2 million barrels sourced from Rosneft and Lukoil . Major Indian refiners, including Reliance Industries and Nayara Energy, have…

06 Aug

Trump Slaps 25% Tariff on Indian Imports Over Continued Russian Oil Purchases

Rajeev Sharma0 CommentsBusiness, India, World NewsDonald Trump, Executive Order, India, Russian oil, Tariffs, U.S-India trade, U.S. sanctions

Washington, D.C., August 6, 2025 — In a bold escalation of U.S. economic pressure tied to the ongoing Ukraine conflict, President Donald J. Trump signed an executive order today imposing a 25% tariff on all imports from India. The move comes in direct response to India’s continued purchase of Russian oil, which the administration has deemed a threat to U.S. national security and foreign policy interests.The executive order cites authority from the International Emergency Economic Powers Act and the National Emergencies Act, asserting that India's direct and indirect imports of Russian crude oil violate the spirit of sanctions previously placed…