US Relaxes Russian Oil Sanctions for India to Address Supply Shortfalls
The US Treasury has issued a 30-day waiver (valid through April 4, 2026) that allows Indian refiners to purchase Russian oil currently stranded at sea. This is being framed as a “deliberate short-term measure.” By letting India absorb Russian crude that is already “floating” in Asian waters, Washington hopes to quickly inject supply into the […]
US sanctions six Indian firms for buying Iranian petroleum products
The United States has imposed sanctions on six Indian companies for allegedly engaging in significant transactions involving Iranian-origin petrochemical products. “The Iranian regime continues to fuel conflict in the Middle East to fund its destabilizing activities. Today, the United States is taking action to stem the flow of revenue that the regime uses to support […]
Adani turns away sanctioned tankers
Adani Group, India’s largest private port operator, has banned sanctioned tankers. According to local media reports, Adani Group, India’s largest private port operator, has banned sanctioned tankers from the US, UK, or European Union from entering its ports. Adani’s port operations in India are focused more on container and dry bulk transport rather than tankers. […]
Trump Warns India of Additional Sanctions for Buying Russian Oil
According to Times of India data, India sources about 35% of its crude oil from Russia, reaching its highest import level in the past two years in June. The U.S. has sanctioned Russian oil producers and tankers due to the war in Ukraine. U.S. President Donald Trump announced on his Truth Social platform on Wednesday […]
OFAC sanctions 30 vessels which linked Iranian oil trade
The U.S. Treasury’s Office of Foreign Assets Control sanctioned a UAE-based Indian national who owns multiple shipping companies operating a shadow fleet of nearly 30 vessels linked to Iranian oil trade. According to OFAC, many of these ships are part of Iran’s so-called ‘shadow fleet’ and have been involved in transporting Iranian oil for the […]
India Is Building a Sanctions-Proof Supply Chain for Russian Oil
Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect. Speaking on the sidelines of India’s flagship energy gathering in Delhi, executives said the existing networks were being reconfigured with selling entities, […]
India digitizes sanctions and approvals
The Ministry of Road Transport and Highways (MoRTH) is making the sanctioning and approval process of national highways paperless. A new standard operating procedure (SoP) has been finalized to speed up the process. The new procedure has been made mandatory for all work carried out through the National Highways Authority of India, state governments, Border […]