February 19, 2026

nonsanctioned

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India’s love for Russian oil continues? State refiners pick non-sanctioned crude at higher discounts; but will Moscow remain top supplier?

contact@dailyupdatesindia.com03 mins

India’s main refiner, IOC, has maintained its procurement of non-sanctioned Russian crude over several weeks. (AI image) With major Russian oil firms Rosneft and Lukoil being sanctioned, India’s state-run oil refiners are now picking up non-sanctioned crude – and that too at lucrative discounts! US President Donald Trump sanctioned the two Russian crude oil majors…

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Russian oil trade: Discounts soften impact of losing sanctioned barrels; Indian refiners ramp up non-sanctioned crude

contact@dailyupdatesindia.com03 mins

US sanctions on Rosneft and Lukoil are having a softer financial impact on Indian refiners than initially feared, with wider discounts on Russian crude nearly offsetting the expected drop in volumes. Indian state-owned and private refiners have halted cargoes from the two sanctioned firms and are instead sourcing from non-sanctioned suppliers. Recent tenders for January…

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No impact of Trump pressure? Indian Oil purchases Russian oil from non-sanctioned entities; ‘will continue to buy if…’

contact@dailyupdatesindia.com03 mins

Even as Indian refiners are expected to adhere to the sanctions, they are also expected to continue procurement of Russian crude from non-sanctioned firms. (AI image) Despite US President Donald Trump’s pressure on India to stop purchasing crude oil from Russia, state-run Indian Oil Corporation has placed an order for five cargoes scheduled for December…

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‘Absolutely not going to discontinue’: IOC to keep importing Russian oil despite US curbs; will buy via non-sanctioned suppliers

contact@dailyupdatesindia.com02 mins

Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite fresh US sanctions, as the measures target specific Russian suppliers rather than the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier, Rosneft, which handles nearly 45 per cent…

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