×

We've got news for you.

Register on Sunday Times at no cost to receive newsletters, read exclusive articles & more.
Register now

India risks sanctions if it continues to oil its cogs with ...

World

India risks sanctions if it continues to oil its cogs with Russian crude

The country, taking advantage of lower prices, has thrown Russia a lifeline, but cheap could come at a cost

Clyde Russell

Indian oil refiners are sucking up cheap Russian crude, but the risk is that their exports of refined products will eventually attract sanctions from countries determined to cut Russian energy out of global markets.

Imports of Russian crude by India hit a record high in May and will likely rise again in June, according to data compiled by commodity analysts at Kpler in Brussels.

India imported 840,645 barrels per day (BPD) of Russian crude in May, up from 388,666 in April and 136,774 in May last year, the data showed...

This article is reserved for Sunday Times Daily subscribers.
A subscription gives you full digital access to all Sunday Times Daily content.

Sunday Times Daily

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.