Intermediaries Step In to Supply Russian Crude to India Amidst US Sanctions on Major Producers
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Intermediaries Step In to Supply Russian Crude to India Amidst US Sanctions on Major Producers

Following US sanctions on Russian oil majors Rosneft and Lukoil, new intermediaries and traders, many based in the UAE, are increasingly supplying Russian crude to Indian refiners. Data shows a significant drop in direct supplies from Rosneft and Lukoil to India in December, with these new entities filling the gap. Information on these intermediaries is limited, marking a shift in India's crude oil sourcing strategy.

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