Indian refiners work to build sanctions-proof supply chain for Russian oil

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Indian refiners work to build sanctions-proof supply chain for Russian oil - Business Standard

Quick Summary:

Indian officials have said any disruption would be temporary, but time is running short.“Imports need ships which are not sanctioned, insurance which takes time to reconfigure, and imports will need payments to go through.

It’s still unclear how the Trump administration will balance the eagerness to take a tough on stance on Russia and Iran and the desire to limit oil price increases and global disruption.

Speaking on the sidelines of India’s flagship energy gathering in Delhi, executives said the existing networks were being reconfigured with selling entities, tankers and insurance providers that are not on Washington’s blacklist.