India imported 5.4 million tonnes of Russian oil using shadow fleet tankers to bypass Western sanctions, according to CREA report. Moscow relies on old vessels to maintain exports amid restrictions.
India's Russian oil imports set to drop to 600,000-650,000 bpd in December, lowest in 3 years due to Western sanctions. Refiners turn to alternatives as US tightens measures.
US imposes sanctions on TR6 Petro India and other entities for trading Iranian oil, citing terror funding concerns. Full details on the crackdown.
New US sanctions on Russian oil firms leave 48 million barrels stranded at sea, forcing Asian buyers like India to seek urgent alternatives. Discover the market impact.
US, UK and Australia impose sanctions on Russia-based Media Land for allegedly enabling ransomware operations. Learn how this impacts global cybersecurity threats.
Russian oil discounts surge to $5-6 per barrel as buyers avoid sanctioned firms Rosneft & Lukoil. Indian refiners shift to unsanctioned suppliers amid expected supply disruptions.
Donald Trump announces Republicans are preparing legislation to sanction nations conducting business with Russia. Learn how this could impact global trade dynamics and India's strategic position.
India imported €2.5 billion worth of Russian crude oil in October 2024 ahead of new EU sanctions. Read about India's strategic energy moves and market impact.
US tells Serbia it won't lift sanctions on NIS oil company unless Belgrade ensures complete Russian withdrawal. Serbia faces energy crisis with February 13 deadline looming.
The US imposes sanctions on 32 entities from India and other countries for alleged ties to Iran's weapons program. Learn about the implications for international trade.
The United States imposes sanctions on 32 entities across 8 countries including India for supporting Iran's missile and UAV programs. Learn about the global implications.
India dramatically reduces direct Russian crude purchases as US sanctions tighten payment mechanisms. Major refiners shift strategy while maintaining supplies through traders.
US sanctions on Russian oil tankers cause massive drop in shipments to India and China. Discover the global energy dilemma and whether markets can permanently ditch Russian crude.
The United States imposes sweeping sanctions targeting North Korea's illicit financial operations. Discover the individuals and entities involved in money laundering schemes supporting Pyongyang's prohibited programs.
India's Russian oil imports dropped by 16% in December 2023 as US sanctions disrupted payment mechanisms, forcing refiners to seek alternatives from Middle East suppliers.
The United States has formally requested United Nations sanctions against seven vessels allegedly involved in illicit North Korean exports, escalating pressure on Pyongyang's sanction-evasion tactics.
Indian Oil Corporation confirms uninterrupted Russian oil purchases from non-sanctioned entities despite Trump's pressure, prioritizing national energy security and economic interests.
Finfinity announces groundbreaking collaboration with Ministry of Shipping to provide comprehensive financial wellness solutions for India's 2+ million maritime professionals, addressing unique challenges of sea-based careers.
India's largest oil company continues Russian crude purchases through non-sanctioned traders, navigating Western pressure while securing energy needs.
India initiates comprehensive assessment of US sanctions targeting Russian oil companies, evaluating potential impacts on energy supplies and economic partnerships.
In a major diplomatic victory, India secures six-month extension of US sanctions waiver for Chabahar Port, strengthening regional connectivity and trade ties with Afghanistan and Central Asia.
India responds to US sanctions on Russian oil firms, defends energy imports as crucial for national interest. Trump praises India's strategic positioning.
In a significant strategic shift, Nayara Energy, part-owned by steel magnate Lakshmi Mittal, has stopped purchasing Russian crude oil. This move comes as Western sanctions tighten and payment complications escalate.
HPCL-Mittal Energy Ltd suspends Russian oil imports after US sanctions target key shipping vessels, marking significant shift in India's energy procurement strategy.
HPCL-Mittal Energy Ltd, the joint venture between steel tycoon Lakshmi Mittal and Hindustan Petroleum, suspends all Russian crude purchases citing US sanctions. The move signals growing compliance challenges for Indian refiners.
Indian Oil Corporation declares strict adherence to all global oil sanctions in crude procurement, ensuring uninterrupted energy supply while maintaining international compliance standards.
Discover how Russia's 'ghost fleet' of tankers and creative financial schemes are keeping its oil flowing to Asian markets despite Western sanctions. Mint explains the intricate shadow economy reshaping global energy trade.
New G7 sanctions targeting Russia's shadow oil fleet are set to disrupt global energy markets. Discover why these measures are different and how they'll impact oil prices worldwide.
The latest G7 sanctions targeting Russian oil represent a serious escalation that markets are dangerously underestimating. Discover why these measures could disrupt global energy flows.
Indian Oil Corporation leads private refiners in securing Russian crude at discounted rates despite US sanctions, reshaping global oil trade dynamics and energy security.