US Waiver Supports Record Russian Oil Exports to India
Russian oil exports to India will stay near record highs in May after a US sanctions waiver extension. Refiners secured supplies to stabilize energy markets.
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Oil exports from Russia to India are expected to hold near record highs through April and May, bolstered by a recent sanctions waiver from the United States. Indian refiners have successfully maintained their supply chains by utilizing non-sanctioned entities and vessels, ensuring a steady flow of crude despite international pressure. These robust trade volumes provide a significant financial influx for Moscow as it continues to fund operations in Ukraine.
