Russian Oil Cargoes Race to India as Sanctions Deadline Nears

LKOH:RM,ROSN:RM,RELIANCE:IN,ESOIL:IN,IOCL:IN

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At least 7.7 million barrels of Russian crude linked to two sanctioned producers are set to reach India’s shores after US restrictions take effect on Nov. 21, according to data from Kpler, raising questions on whether the crude will be able to discharge smoothly

The clock is ticking for India-bound tankers carrying millions of barrels of crude from blacklisted Russian suppliers Rosneft PJSC and Lukoil PJSC, with a wind-down period for US sanctions set to end this Friday.

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