All Indian refiners are now refusing to accept Russian crude transported on Sovcomflot vessels as U.S. sanctions enforcement intensifies.
All Indian refiners are now refusing to take Russian crude transported on vessels of sanctioned Russian tanker fleet owner Sovcomflot to avoid running afoul of the stricter enforcement of the U.S. sanctions on Russia, Bloomberg reported on Friday, quoting unnamed sources with knowledge of the matter. The U.S.
Earlier this week, two unnamed sources familiar with the situation told Reuters that India’s largest refiner, Reliance, had stopped buying crude oil sourced from Russia and carried on tankers owned by Sovcomflot as the U.S. tightened sanction enforcement. As a result, Reliance has asked its Russian oil trading partners to not load the shipments on Sovcomflot vessels, Reuters’ sources said.
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