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US moves to end Russia oil sanctions waiver affecting Indian imports

NDTVRead the original3 Jun 2026

US moves to end Russia oil sanctions waiver affecting Indian imports. This could disrupt India's discounted Russian crude imports, forcing refiners to seek costlier alternatives. Indian refiners paid $29 billion for Russian oil since 2022. Margin pressures may rise if waiver ends.

📊 STOCKS: IOCL, HPCL, BPCL | 🏢 SECTOR: Energy | #HIGHIMPACT #Oil

#Russia#Oil#Sanctions#India#Import
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