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US ends Russian crude sanctions waiver affecting Indian refiners

The Times of IndiaRead the original18 Jun 2026

US ends Russian crude sanctions waiver affecting Indian refiners. The expiry of the US waiver on Russian crude imports could raise costs for Indian refiners who have been buying discounted oil. This may squeeze margins as India may need to shift to costlier alternatives. $20–30/barrel discount previously availed is now at risk.
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