India’s Russian crude oil imports fall as new EU sanctions on oil products kick in
- December imports hit a low not seen in more than three years
- New sanctions on products made from Russian crude are prompting Indian refiners to seek alternative feedstocks to maintain exports to Europe
- Imports into sanctioned Vadinar, home to Russia-owned sanctioned refinery Nayara, remain firm
Recent data suggests Washington’s campaign of pressure on India could finally be bearing fruit as imports of Russian crude fall
