US Treasury issued sanctions waivers allowing Indian refiners to purchase discounted Russian crude due to supply constraints.
1 report, 1 independent
Updated May 27
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What happened
US Treasury issued sanctions waivers allowing Indian refiners to purchase discounted Russian crude due to supply constraints.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The market is facing pressure as India is forced to cut reliance on discounted Russian crude due to trade deficits and tariff actions on Indian goods.Sub-event
- US Treasury discusses sanctions risk while Indian refiners secure alternative supplies, with vessels routing through Singapore.Sub-event
US sanctions waivers allow Indian refiners to buy discounted Russian crude.1 source
Keep exploring
Part of
Donald Trump and Scott Bessent announced tough sanctions targeting Russian oil companies as part of economic pressure against Russia due to the war in Ukraine.Also in this story
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The entities involved
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Scott Bessent
United States Secretary of the Treasury