Indian OMCs resilient to Russian oil sanctions, says Fitch
after close1 source ↓written by the desknot a recommendation
India’s state-run oil marketing companies are expected to remain stable despite new US sanctions on Russian firms Rosneft and Lukoil. Fitch Ratings noted that these measures are unlikely to significantly impact refining margins or the credit profiles of Indian OMCs. The eventual effects will depend on the sanctions' duration and enforcement.
Not investment advice. For informational purposes only.