Indian refineries refused to accept oil from tankers of Russia’s Sovcomflot, which is under sanctions – Bloomberg

According to the agency, Indian private and state-owned refiners, including the sector leader Indian Oil, carefully check the data on each tanker to make sure that it is not connected with Sovcomflot and other organizations under sanctions.

According to the agency, Indian private and state-owned refiners, including the sector leader Indian Oil, carefully check the data on each tanker to make sure that it is not connected with Sovcomflot and other organizations under sanctions.

For example, India’s Reliance refused to ship Urals oil by Sovcomflot tankers because of the threat of being subject to secondary US sanctions.

Context: India was one of the largest buyers of Russian oil, but the tightening of US sanctions led refiners to seek more expensive oil from other regions.