Indian refiners review US waiver for Russian oil imports

Indian refiners are currently analyzing the legal framework of a recent United States directive that permits the import of crude oil from Russia even when involving sanctioned entities. This development follows the issuance of a 30-day waiver on Thursday, designed to allow cargoes currently at sea to proceed to their destinations. The move comes after a period of significant pressure from Washington on India to reduce its procurement of Russian energy, a strategy intended to limit the financial resources available for the conflict in Ukraine.