This special report focuses on the United States’ new sanctions against Russian oil giants Rosneft and Lukoil, announced by President Donald Trump, and the significant potential fallout for India. Effective November 21, the measures are sending shockwaves through the global energy market and forcing a major recalibration of India’s energy imports, as the country sources about 36% of its crude oil from Russia. Indian public and private refiners, including IOC, BPCL, and Reliance Industries, are now urgently reviewing contracts to avoid penalties.
Credit to : India Today
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