Tougher U.S. sanctions to curb Russian oil supply to China and India, says analysts
2 days, 21 hours ago

Tougher U.S. sanctions to curb Russian oil supply to China and India, says analysts

The Hindu  

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said. Russian oil exports will be hurt severely by the new sanctions, which will force Chinese independent refiners to cut refining output going forward, two Chinese trade sources said. Among the newly sanctioned ships, 143 are oil tankers that handled more than 530 million barrels of Russian crude last year, about 42% of the country's total seaborne crude exports, Kpler's lead freight analyst Matt Wright said in a note. A second Indian refining source said the sanctions on Russian oil insurers will prompt Russia to price its crude below $60 a barrel so Moscow can continue to use Western insurance and tankers.

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History of this topic

China, India seek new supplies as U.S. sanctions tighten grip on Russian oil
Trending News
1 day, 4 hours ago

China, India seek new supplies as U.S. sanctions tighten grip on Russian oil

The Hindu  

Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers that are designed to curb the revenues of the world’s second-largest oil exporter. Analysts said the new sanctions were likely to reduce Russian oil exports in the short term, but Russia could adapt by using the vessels in …

Fresh US sanctions on Russian oil unlikely to have immediate impact on India
1 day, 13 hours ago

Fresh US sanctions on Russian oil unlikely to have immediate impact on India

Live Mint  

New Delhi: US’s fresh sanctions on two Russian oil producers along with tankers are unlikely to have an immediate impact on India for about the next two months as the crude required for this period has already loaded on vessels and is in transit, a top government official said. Strategic oil sourcing Russia has emerged as the top supplier of …

Stricter US sanctions threaten Russia's oil trade with India and China: Report
Top News
2 days, 7 hours ago

Stricter US sanctions threaten Russia's oil trade with India and China: Report

India Today  

New US sanctions on Russian oil producers and ships are expected to disrupt Russia’s oil trade with India and China, two of its largest customers, according to a report by news agency Reuters. The US Treasury announced tougher sanctions on Friday, targeting major Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 ships involved in transporting Russian oil. …

Oil sizzles to 3-month high after US imposes tougher sanctions on Russian crude; Brent rallies 4% to touch $80
3 days, 20 hours ago

Oil sizzles to 3-month high after US imposes tougher sanctions on Russian crude; Brent rallies 4% to touch $80

Live Mint  

International crude oil prices rallied nearly three per cent to hit their highest in three months in the previous session after commodity traders braced for supply disruptions from the broadest US sanctions package targeting Russian oil and gas revenue amid the ongoing military attacks on Ukraine. US West Texas Intermediate crude futures rose $2.65, or 3.6 per cent, to settle …

US and UK will target Russia’s energy sector with new sanctions as Biden prepares to leave office
Trending News
4 days, 14 hours ago

US and UK will target Russia’s energy sector with new sanctions as Biden prepares to leave office

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Separately, the State Department will also block “two active liquefied natural gas projects, a …

Biden imposes biggest sanctions on Russia, hits oil and gas revenues amid ongoing war with Ukraine
4 days, 14 hours ago

Biden imposes biggest sanctions on Russia, hits oil and gas revenues amid ongoing war with Ukraine

Live Mint  

The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine. The measures are "the most significant sanctions yet against the Russian energy sector, the largest source of revenue for the …

Oil Sanctions Concern Spurs Asian Buyers to Seek Alternatives
4 days, 20 hours ago

Oil Sanctions Concern Spurs Asian Buyers to Seek Alternatives

Live Mint  

-- Oil refiners in India and China have increased crude purchases from the Middle East and other regions amid concern that further restrictions on imports from Russia and Iran may crimp access to supplies. This week, two Indian state refiners bought up to 6 million barrels of Oman and Abu Dhabi’s Murban crude for prompt loading in February, according to …

Sanctions are sinking Russia’s flagship gas project
5 days, 21 hours ago

Sanctions are sinking Russia’s flagship gas project

Live Mint  

The West’s economic weapons are missing their target. After shutting its main gas pipeline to Europe in 2022, Russia had hoped that Arctic LNG 2, an ultra-modern export facility, would open big new markets. View Full Image Sanctions-are-sinking-Russia-s-flagship-gas-projec To prevent this, Western countries have tried to deprive Arctic LNG 2 of key technology, tankers and clients. One gas trader notes …

To Shorten the War in Ukraine, Tighten Oil Sanctions for Real
1 week, 5 days ago

To Shorten the War in Ukraine, Tighten Oil Sanctions for Real

Live Mint  

-- As Bloomberg News has reported, President Joe Biden is considering ramping up sanctions on Russia before he leaves office, hoping to pressure Russian President Vladimir Putin ahead of possible talks to end the war in Ukraine. Outside of greater military support, it would be hard to send a more powerful message of resolve than to squeeze the oil and …

Oil inches higher in thin trade, investors focus on China, US data
2 weeks, 2 days ago

Oil inches higher in thin trade, investors focus on China, US data

Live Mint  

By Florence Tan and Emily Chow SINGORE -Oil prices edged up on Monday in thin holiday trade ahead of the year-end as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world's two largest oil consumers. Oil prices were also supported by optimism for Chinese economic growth next year that could lift demand …

US Oil Exports to China Dwindle as Demand Wanes, Buying Shifts
2 weeks, 5 days ago

US Oil Exports to China Dwindle as Demand Wanes, Buying Shifts

Live Mint  

-- US crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and the country buys more barrels from countries including Russia and Iran. Exports of US oil to China plunged to 81.9 million barrels over the course of the year, down 46% from 150.6 million barrels last year, according to …

Russia’s domestic LPG prices halve in December following EU embargo on exports amid Ukraine war
2 weeks, 6 days ago

Russia’s domestic LPG prices halve in December following EU embargo on exports amid Ukraine war

Live Mint  

Domestic prices of liquefied petroleum gas in Russia halved in December from the previous month due to an influx of fuel, exports of which have been curbed by European sanctions. According to calculations by news agency Reuters, the European Union sanctions against Russia's LPG took effect on December 20. According to Reuters calculations based on local commodity exchange, a sharp …

Indian state refiners may buy Mideast spot oil to replace Russian shortfall
3 weeks ago

Indian state refiners may buy Mideast spot oil to replace Russian shortfall

Live Mint  

* State refiners look to Middle East crude * Russian oil exports drop on domestic demand, OPEC * Three state refiners may tap stocks to cover processing in March By Nidhi Verma NEW DELHI, Dec 24 - Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, three refining …

Middle East share of India’s Nov oil imports at 9-month high; Russia down
3 weeks, 1 day ago

Middle East share of India’s Nov oil imports at 9-month high; Russia down

Live Mint  

By Nidhi Verma NEW DELHI - India's November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its smallest share in three quarters, ship tracking data obtained from sources showed. The world's third biggest oil importer and consumer in November shipped in 13% less Russia oil compared with October at 1.52 million barrels per day, …

EU sanctions against Russia over Ukraine war targets its ‘shadow fleet’, China
4 weeks, 1 day ago

EU sanctions against Russia over Ukraine war targets its ‘shadow fleet’, China

Hindustan Times  

The European Union has adopted a 15th package of sanctions against Russia over its invasion of Ukraine, including tougher measures against Chinese entities and more vessels from Moscow's so-called shadow fleet, the EU Commission said in a statement on Monday. "Namely one individual and two entities facilitating the circumvention of EU sanctions, and four entities supplying sensitive drone components and …

EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleet
4 weeks, 1 day ago

EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleet

Associated Press  

BRUSSELS — The European Union on Monday imposed fresh sanctions on dozens of officials linked to Russia’s war on Ukraine, including two top North Korean defense officials, a military unit blamed for an attack on a Kyiv children’s hospital and the heads of companies in the energy sector. Russia’s vast shadow fleet of ships that Moscow is exploiting to skirt …

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions
1 month ago

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russian state-owned oil firm Rosneft …

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports
1 month ago

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports

Deccan Chronicle  

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today's prices. The company declined …

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump
1 month ago

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump

Deccan Chronicle  

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House.Details of the possible new measures were still being worked out, but President Joe Biden’s team was considering restrictions that might target some Russian oil exports, according to …

Exclusive-Rising costs squeeze intermediaries out of thriving Russian oil trade with India
1 month, 1 week ago

Exclusive-Rising costs squeeze intermediaries out of thriving Russian oil trade with India

Live Mint  

By Nidhi Verma NEW DELHI/MOSCOW - Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the business due to high funding costs in Russia and lack of access to Western funds, according to data and six trading sources. Traders such as Dubai-based Starex Trading and Pontus Trading, which were large …

US sanctions 35 entities & ships for transporting Iranian oil, including 2 Indian firms
1 month, 1 week ago

US sanctions 35 entities & ships for transporting Iranian oil, including 2 Indian firms

Firstpost  

Two Indian companies are among 35 entities and vessels sanctioned by the United States for transporting Iranian oil In the latest tranche of sanctions on Iran, the United States has imposed sanctions on 35 entities and ships for transporting Iranian oil. The firms sanctioned for transporting Iranian oil include two Indian firms as well. The Treasury said the two companies …

Russia’s crude oil and LNG shipments to Asia slip slightly in 2024: Russell
1 month, 1 week ago

Russia’s crude oil and LNG shipments to Asia slip slightly in 2024: Russell

Live Mint  

By Clyde Russell LAUNCESTON, Australia, Dec 3 - Asia's imports of Russian crude oil and liquefied natural gas are set to log small declines this year and while coal had a bigger drop, there's little evidence that Western sanctions are working well. In barrels per day terms, Asia's seaborne imports from Russia are likely to come in around 3.22 million …

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers
1 month, 1 week ago

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers

Al Jazeera  

The latest US sanctions are part of an effort to disrupt Iran’s use of oil revenue to finance its nuclear programme. The United States has piled on additional sanctions against Iran targeting 35 entities and vessels that it says are part of a “shadow fleet of vessels” transporting cargoes of Iranian petroleum to foreign markets. The sanctions are similar to …

Saudi Arabia boosts crude oil share in Asia at Russia’s expense: Russell
1 month, 1 week ago

Saudi Arabia boosts crude oil share in Asia at Russia’s expense: Russell

Live Mint  

By Clyde Russell LAUNCESTON, Australia, - Saudi Arabia clawed back market share of Asia's crude oil imports in November, while Russia surrendered some of its barrels in what may be an early sign of a shift in market dynamics. Asia's imports from Saudi Arabia, the world's biggest crude exporter, rose to 5.83 million barrels per day in November, up from …

week high as Russia, Iran tensions support prices
1 month, 3 weeks ago

week high as Russia, Iran tensions support prices

Live Mint  

* Iran to hold nuclear talks with European powers on Nov 29 * China's crude imports to rebound in Nov * India refining throughput up 3% year-on-year for Oct By Florence Tan SINGORE, - Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and …

Russia pays in oil to North Korea for supplying troops, weapons to fight Ukraine war: Report
1 month, 3 weeks ago

Russia pays in oil to North Korea for supplying troops, weapons to fight Ukraine war: Report

Firstpost  

Russia has reportedly supplied North Korea with more than a million barrels of oil since March, months before Pyongyang started sending weapons and troops to Moscow to fight in Ukraine war North Korean leader Kim Jong Un is sending troops and weapons to Russia not for the sake of his growing friendship with Vladimir Putin, but in exchange for adequate …

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month, 3 weeks ago

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press  

WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining …

Russia wants to become the second-largest oil producer in the world
2 months ago

Russia wants to become the second-largest oil producer in the world

China Daily  

Russia is reportedly considering a major oil-sector shakeup by merging three of its largest oil companies: state-backed Rosneft and Gazprom Neft and privately-held Lukoil. Notably, the consolidation could allow Russia to command higher prices for crude oil exports to major buyers like India and China. This shift is driven by Russia’s substantial discounts on crude oil, which have made it …

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU
2 months ago

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

The Hindu  

India's export of fuels like diesel to the European Union jumped 58% in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. "In the 13 months since the oil price cap took effect, over one-third of India's exports of oil products to sanctioning countries was …

US sanctions 398 firms in more than a dozen countries, accusing them of helping Russia's war effort
2 months, 2 weeks ago

US sanctions 398 firms in more than a dozen countries, accusing them of helping Russia's war effort

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. on Wednesday imposed …

Sanctions on Russia-related trade unwarranted, high- and heavy-handed: China Daily editorial
4 months, 2 weeks ago

Sanctions on Russia-related trade unwarranted, high- and heavy-handed: China Daily editorial

China Daily  

It is only natural that those countries whose targeted entities have been conducting normal business with Russia according to international law should vent their spleen at the US' long-arm jurisdiction, as it impedes normal international economic and trade exchanges, and harms the stability of the global industry and supply chains. The move bars the sanctioned entities that are mainly supplying …

China opposes US sanctions on firms over alleged ties to Russia’s war efforts
4 months, 2 weeks ago

China opposes US sanctions on firms over alleged ties to Russia’s war efforts

Associated Press  

BEIJING — China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country’s businesses. “China urges the U.S. to immediately stop its wrong practices and will take necessary measures to resolutely safeguard the …

US widens sanctions on Russia to discourage countries such as China from doing business with Moscow
7 months ago

US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

Associated Press  

The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine. Wednesday’s package targeted Chinese companies which help Russia pursue its war in Ukraine and raised the stakes for foreign financial institutions which work with …

US widens sanctions on Russia to discourage countries such as China from doing business with Moscow
7 months ago

US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Wednesday's package targeted Chinese companies …

Russia was China’s top oil supplier for the twelfth month in April
7 months, 3 weeks ago

Russia was China’s top oil supplier for the twelfth month in April

The Hindu  

Russia was China’s top oil supplier in April for a 12th month, with volumes rising 30% from a year earlier, official data showed, as refiners continued to cash in on discounted shipments, while supplies from Saudi Arabia fell a quarter on higher prices. China’s crude-oil imports from Russia, which include supplies sent via pipelines and the sea, were 9.26 million …

Chabahar: India’s Balancing Act Against China, West Asia and the West
7 months, 4 weeks ago

Chabahar: India’s Balancing Act Against China, West Asia and the West

News 18  

Geostrategy is increasingly becoming a process of increasing a nation’s options. While Russia has been encountering sanctions from Western Europe and the US ever since the war with Ukraine, Iran has endured them for far longer. The US, Israel and others in West Asia are aware of India’s cordial relationship with Iran. India’s sea and land route via Chabahar in …

Russia is violating UN limits on petroleum shipments to North Korea, the White House says
8 months, 1 week ago

Russia is violating UN limits on petroleum shipments to North Korea, the White House says

Associated Press  

WASHINGTON — Russia is shipping refined petroleum to North Korea at levels that exceed U.N. Security Council limits, the White House said Thursday, signaling it will impose new sanctions against those involved in facilitating the transfers. The United Nations had set an annual 500,000 barrel global cap on refined petroleum products to North Korea as part of its yearslong effort …

New Russia sanctions target weapons development and countries assisting in sanctions evasion
8 months, 1 week ago

New Russia sanctions target weapons development and countries assisting in sanctions evasion

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. on Wednesday imposed …

New Russia sanctions target weapons development and countries assisting in sanctions evasion
8 months, 1 week ago

New Russia sanctions target weapons development and countries assisting in sanctions evasion

Live Mint  

WASHINGTON — The U.S. on Wednesday imposed new sanctions on hundreds of firms and people tied to Russia's weapons development program, more than a dozen Chinese firms accused of helping Russia find workarounds to sanctions and individuals tied to the death of Russian dissident Alexey Navalny. The sanctions imposed by the Treasury and State departments target Russia’s military-industrial base, chemical …

No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials
9 months, 1 week ago

No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials

The Hindu  

April 04, 2024 07:55 pm | Updated 09:51 pm IST - NEW DELHI Striking a conciliatory note on India’s imports of Russian oil, U.S. Treasury department officials visiting Delhi said on April 4 that the aim of U.S. sanctions and the oil “price cap” was not to limit the purchase of Russian ‘Ural’ oil, but to limit the revenues made …

US has not asked India to reduce Russian oil imports: Officials
9 months, 1 week ago

US has not asked India to reduce Russian oil imports: Officials

Hindustan Times  

NEW DELHI: The US has not asked India to reduce its imports of Russian oil and the price cap and sanctions regime imposed by the G7 are aimed at squeezing Moscow’s profits from crude sales and impeding its ability to finance the war in Ukraine, two US officials said on Thursday. Russian oil is priced above $60 a barrel The …

US to tell event in India that price cap on Russian oil working
9 months, 1 week ago

US to tell event in India that price cap on Russian oil working

Hindustan Times  

The G7 price cap on Russian oil shipments is cutting the revenue that Moscow has available to support its invasion of Ukraine, and the mechanism's effectiveness is helped by the recent actions of Indian refiners, U.S. officials will tell an event in New Delhi on Thursday, according to prepared remarks. "We know that the Indian economy has much at stake …

’My friend...’: Russian FM lauds Jaishankar’s response on oil import
10 months, 1 week ago

’My friend...’: Russian FM lauds Jaishankar’s response on oil import

Live Mint  

Russian foreign minister Sergey Lavrov has praised an old remark made by India's External Affairs Minister S Jaishankar at the United Nations. Lavrov at the World Youth Forum in Russia's Sochi called Jaishankar "My friend" and heaped praises on the Indian minister for navigating bilateral ties between New Delhi and Moscow amid the Ukraine war. Russian oil import According to …

Russia’s Backdoor for Battlefield Goods From China: Central Asia
10 months, 1 week ago

Russia’s Backdoor for Battlefield Goods From China: Central Asia

Live Mint  

SINGAPORE—Two years after the invasion of Ukraine, drones and U.S.-made computer chips are increasingly flowing to Russia from China through Central Asian trade routes, showing the difficulty of strangling supplies to Moscow’s war effort. Chinese exports of dual-use goods to Kazakhstan and Kyrgyzstan have surged since February 2022, when the war began, according to China’s customs data. But in 2023, …

What can Russia do to sell its unwanted oil?
10 months, 1 week ago

What can Russia do to sell its unwanted oil?

Hindustan Times  

ON FEBRUARY 22ND, two days before Russia invaded Ukraine, a German-flagged vessel left the Russian port of Primorsk loaded with 33,000 tonnes of oil. On March 24th the volume of Russian seaborne oil exports, at 2.3m barrels per day, was nearly 2m below the level on March 1st, reckons Kpler, a data firm. In May 2018 America imposed “maximum pressure” …

Russia outsmarts Western sanctions—and China is paying attention
10 months, 2 weeks ago

Russia outsmarts Western sanctions—and China is paying attention

Hindustan Times  

Nazem Ahmad, an art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. Since the West first retaliated against Russia’s invasion of Ukraine, it is in places such as India, Indonesia and the UAE, which have access to the dollar, that America’s and Europe’s aims are being thwarted. Among third …

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death
10 months, 3 weeks ago

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death

LA Times  

The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The 27-nation bloc also said that it was targeting scores of Russian officials, including “members of …

US sanctions UAE shipping firm for transporting Russian crude oil above USD60 per barrel price cap
11 months, 4 weeks ago

US sanctions UAE shipping firm for transporting Russian crude oil above USD60 per barrel price cap

India TV News  

Washington: The US on Thursday hit a United Arab Emirates shipping firm with sanctions after it transported Russian crude oil above the $60 per barrel price cap. This is the Treasury's first oil price cap enforcement action of 2024 — imposed on Hennesea Holdings Limited and its 18 vessels that the US Treasury now considers blocked property. Price cap The …

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war
1 year ago

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. India became the world’s leading importer of Russian crude …

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