India's crude imports from Russia hit five-month high
pre-market1 source ↓written by the desknot a recommendation
- ahead
- 21 November sanctions deadline
India's crude oil imports from Russia are set to reach a five-month peak in November, driven by increased purchases ahead of the 21 November sanctions deadline. Despite sanctions on major firms like Rosneft and Lukoil, analysts suggest India may continue sourcing Russian crude through non-sanctioned entities. This situation raises questions about the sustainability of India's crude trade with Russia amidst geopolitical tensions.
Not investment advice. For informational purposes only.