Key insights
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1
Impact on Indian Oil Supply: Sanctions could disrupt India's oil supply chain significantly.
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2
Shift to Alternative Sources: Refiners are exploring new crude sources to replace Russian oil.
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3
Compliance with International Norms: IndianOil and Reliance's compliance reflects adherence to global sanctions.
Takeaways
The commitment of IndianOil and Reliance to comply with US sanctions marks a pivotal shift in India's oil import strategy, necessitating a transition to alternative sources to ensure energy security.
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Business & Markets Economy World & Politics International Affairs Climate & Environment Energy