India · USA

USA grants India temporary licence to import Russian crude

→Indian procurement teams must accept Russian cargoes only if loaded before Mar 5

Sanctions Trade & Tariffs Supply Chain & Logistics Oil & Gas
Economic Times ·
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USA issued a temporary licence limiting India's Russian crude imports to cargoes loaded before March 5.
Why it matters
Refinery procurement teams must verify cargo loading dates against the licence cutoff. About 22 million barrels of Russian oil sit on tankers in the region.
Implications
  • — Indian procurement teams must confirm Russian cargoes loaded before Mar 5 or face import denial.

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Economic Times
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