By Abhinand Siddharth S

Over the past few months, the sanctions landscape around India’s Russian oil purchases has shifted decisively. On August 6, the White House issued an Executive Order adding a further 25 per cent tariff on Indian imports due to New Delhi ’s continuing trade in Russian crude, taking the total duties to 50 per cent. Days later, Brussels adopted its 18th Russian package, restricting EU imports of fuels refined from Russian crude in third countries. On October 18, the UK expanded designations and compliance obligations in ways that directly affect counterparties and service providers dealing with India-linked energy trades. Last week, the US administration imposed sanctions on major oil companies, Rosneft and Lukoil.

These measures do not solely target Russia. India

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