Donald Trump sanctions impact: With the US and EU imposing fresh sanctions on Russian oil, Indian oil refiners have stopped any fresh orders of Russian crude. According to a Reuters report, the refiners are waiting for clarity to emerge from suppliers and the government. The sanctions imposed by the European Union, the UK and the United States against Russia over its Ukraine conflict include recent US measures announced on Thursday targeting Russia's leading oil companies Lukoil and Rosneft. According to the International Energy Agency, India purchased 1.9 million barrels per day during the first nine months of 2025, constituting 40% of Russia's total exports. Also Read | Easing trade tensions with Trump: India’s crude imports from US surge to highest since 2022; diversificati
Trump sanctions impact on India’s Russian oil trade: Refiners stop placing new orders, await clarity; US crude imports at highest since 2022
The Times of India9 hrs ago
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