Key insights
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Impact on Indian Oil Supply
Sanctions could disrupt India's oil supply chain significantly.
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Shift to Alternative Sources
Refiners are exploring new crude sources to replace Russian oil.
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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.