Impact of US Sanctions Waiver on India's Russian Oil Supply
India's Russian oil supply likely to be hit if US waiver not extended
Business Standard
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India's crude oil supply from Russia may face disruptions if the United States does not extend its sanctions waiver, which currently allows the purchase of Russian crude until May 16. Experts warn that the expiration of this waiver could significantly affect India's oil imports from Moscow, impacting refinery operations.
- 01The current US waiver permits the purchase of Russian crude oil loaded onto vessels by April 17.
- 02The waiver is set to expire on May 16, raising concerns about future oil supplies.
- 03Industry experts emphasize the potential for significant disruptions in India's oil imports from Russia.
- 04Refinery executives are closely monitoring the situation regarding the US waiver's renewal.
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India's crude oil supply from Russia could be significantly impacted if the United States does not extend its sanctions waiver on Russian petroleum products. The current waiver allows countries to purchase Russian crude oil and petroleum products loaded onto vessels on or before April 17, with the expiration date set for May 16. Industry experts and refinery executives have expressed concerns that without a renewal of this waiver, India's ability to import oil from Moscow may be severely disrupted, potentially affecting refinery operations across the country.
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If the waiver is not extended, India may face increased oil prices and supply shortages, affecting consumers and industries reliant on stable fuel supplies.
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