US Sanctions

06 Nov

India to Slash Russian Oil Imports as New US Sanctions Take Effect November 21

Rajeev Sharma0 CommentsIndia, World NewsIndia-Russia oil trade, Lukoil, Reliance Industries, Rosneft, US Sanctions

New Delhi, November 6, 2025 — India is set to sharply curtail its direct imports of Russian crude oil starting late November, as new US sanctions targeting Moscow’s major oil producers, Rosneft and Lukoil, come into effect on November 21.Indian refiners, who currently handle over half of the country’s Russian crude imports, are expected to comply with the sanctions, industry analysts said. The move is likely to disrupt global oil trade flows, prompting Indian companies to reassess their sourcing strategies to avoid any potential US penalties.According to Kpler, a maritime intelligence firm, Russian crude arrivals in India could fall significantly…

22 Sep

U.S. Revokes Chabahar Port Sanctions Waiver

Rajeev Sharma0 CommentsIndia, World NewsChabahar Port, India, US Sanctions

Toronto/New Delhi (Bureau)– The Trump administration has announced the revocation of the U.S. sanctions waiver for Iran's Chabahar Port, effective September 29, 2025. The waiver, initially granted in 2018, permitted India to invest $500 million in the Shahid Beheshti terminal, thereby securing strategic access to Afghanistan and Central Asia while circumventing Pakistan.The U.S. move exposes Indian operators to potential sanctions under the Iran Freedom and Counter Proliferation Act (IFCA). Analysts caution that this development may bolster China's influence in the region through Pakistan's Gwadar Port, part of the China Pakistan Economic Corridor (CPEC).India now confronts a critical decision: comply with…