oil

The country is proposing several legal mechanisms to launch this process and considers further delay unacceptable.

Berlin and Paris are calling for tougher restrictions to cut off Moscow’s access to financing the war through third-party intermediaries.

Successful attacks by Ukrainian drones on Russian oil and gas infrastructure have caused a drop in export volumes from the port of Ust-Luga on the Baltic Sea.

In August, Russia decided to increase crude oil shipments through Western ports. This was a forced step after attacks by Ukrainian drones.

India’s largest refiners, including Reliance Industries, plan to cut Russian oil imports by hundreds of thousands of barrels per day.

Ukrainian drone attacks have paralyzed part of Russia’s oil refining, causing disruptions to gasoline in the regions.

India’s sharp increase in purchases of Russian oil after Russia’s invasion of Ukraine is “opportunistic and destructive,” White House trade adviser Peter Navarro said.

Washington is also considering sanctions against two Russian oil giants to cut Moscow’s energy revenues.

In recent weeks, Indian state-owned refineries have abandoned Russian oil, affecting Urals flows with October loading.

Activists demand closure of legislative loophole that allows import of fuel made from Russian raw materials.