Indian Refiners Purchase Sanctioned and Unsanctioned Russian Oil After US Waiver

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US Waiver Boosts Indian Russian Oil Imports Amid West Asia Tensions

Government sources say the US Treasury’s 30-day sanctions waiver allows Indian refiners to receive Russian cargoes already loaded before March 5, as Iran signals restraint toward neighbouring states.

M

Moneycontrol•07-03-2026, 21:23

US Waiver Boosts Indian Russian Oil Imports Amid West Asia Tensions

•Indian refiners are buying sanctioned and non-sanctioned Russian oil following a US waiver.
•The waiver allows receipt of Russian crude loaded before March 4/5, 2026, addressing West Asia conflict disruptions.
•India is examining international energy portfolios of TotalEnergies and ExxonMobil for LNG and LPG supplies.
•Iran President's remarks on attacks seen as positive for maritime trade in the Strait of Hormuz.
•Strait of Hormuz is critical for India's oil imports, handling 20% of global oil shipments.

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