• Russian oil cargoes get new safety certifications from India to keep crude flowing as Western sanctions squeeze Moscow

    3 days ago - By Business Insider

    The UK and EU have agreed to ban insurance for Russian oil cargoes, reports said. VCG/Getty Images
    Reuters reports that India has given Russian ships new safety certifications as Western companies withdraw their services amid sanctions.
    The move covers dozens of ships managed by the Dubai arm of Russian group Sovcomflot.
    India has snapped up massive volumes of cheap Russian crude since the war in Ukraine began.
    India is furnishing Russian oil tankers with new safety certifications that will allow Moscow to continue exporting crude, after Western companies withdrew their services amid...
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  • India's imports of Russian oil explode - Economic Times

    India's imports of Russian oil explode - Economic Times

    3 days ago - By RT

    Crude supplies have reportedly surged by a multiple of 50 since April
    Sales of Russian oil to India have multiplied by at least fifty times in the last three months, and now make up 10% of the nation's total imports, according to a senior government official quoted by The Economic Times.
    “It is now among the top 10 suppliers,” the official told the Indian business daily on Thursday.
    Western sanctions on Moscow have created an opportunity for Indian refiners to increase purchases of Russian oil at discounted prices, while some European customers have been shunning crude purchases from...
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