Indian refiners becoming wary of buying Russian oil as EU sanctions loom: Report2 min read 17 Nov 2022, 01:57 PM IST
Indian refiners buy Russian oil on a delivered basis with insurance - cargo, P&I and hull and machinery - arranged by Russian entities. India accepts Russian insurance
NEW DELHI : Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism, according to sources familiar with the refiners' crude purchase plans.
Select your Category