Russian oil supplies to India recover in March, sources say
Published by Global Banking & Finance Review®
Posted on March 12, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 12, 2025
1 min readLast updated: January 24, 2026
India's Russian oil imports rebounded in March after a decline, aided by non-sanctioned vessels and diversions from Turkey, easing supply issues.
By Nidhi Verma
NEW DELHI/MOSCOW (Reuters) - India's Russian oil imports recovered in March, returning near usual levels after a 3-month decline, as non-sanctioned vessels were delivering cargoes, while some supplies have been diverted from Turkey, according to five trade sources and shipping data.
The resumption of Russian oil supply to the world's third-largest oil importer and consumer is easing a supply crunch caused by stringent U.S. sanctions imposed on Moscow for the invasion of Ukraine, cooling prices for rival Middle East grades. [CRU/M]
(Reporting by Nidhi Verma in NEW DELHI and Reuters reporters in MOSCOW; Editing by Florence Tan and Louise Heavens)
The article discusses the recovery of Russian oil imports to India in March after a decline, aided by non-sanctioned vessels and diversions from Turkey.
The decline was due to stringent U.S. sanctions imposed on Moscow for the invasion of Ukraine.
The resumption of Russian oil supply to India eases the supply crunch, cooling prices for rival Middle East grades.
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