Trump sanctions fail to stop inflow! Some Indian refiners step up Russian crude oil intake; Indian Oil, Nayara boost purchases
Representative image (AI-generated) State-run Indian Oil Corp and Rosneft-backed Nayara Energy have increased their purchases of Russian crude in January. This comes even as India’s overall imports from Russia have declined under US sanctions.Reliance Industries, India’s largest buyer over the past year, along with several other refiners, has not received any supplies this month. This…