Overview
- The External Affairs Ministry said it is studying the new US measures and reiterated that decisions will prioritize affordable supply for 1.4 billion people from diverse sources.
- Several Indian refiners have held off placing new Russian oil orders, with HMEL suspending purchases, while Indian Oil Corporation says it will keep buying where transactions comply with sanctions and price‑cap rules.
- Russia remains a major supplier to India and tanker data show substantial flows continue, though recent weeks indicate some declines and analysts expect short‑term disruption and higher costs.
- President Donald Trump praised India for cutting Russian energy purchases, but New Delhi has not confirmed his claims and continues to frame decisions around energy security and compliance.
- The US Treasury’s wind‑down for existing dealings with Rosneft and Lukoil runs to Nov 21, shaping near‑term buying strategies as India also pursues a trade deal with Washington.