At least four tankers carrying russian crude are idling off India’s western coast as mounting sanctions and warning of steep us Tariffs Disrupt Oil Flows, The Indian Business Outt Ndtv Profit Reported.
Two of the vessels, the achilles and the elyte, are anchored near the port of jamnagar, which bot originally scheduled to arrive at the nearby sikka terminal betweeen wednesday and thursday.
The ships were loaded with urals-grade crude at russia’s key export hubs of primorsk and ust-luga, and both are subject to sanctions imposed by the European union and britain.
Two Additional Tankers, The Destan and the Horae, are also waiting offshore. While the destan is under similar eu and uk sanctions, the Horae is not currently sanctioned.
The delays come amid a significant Shift in Indian Purchasing Behavior Following Threats from us president donald trump, who has pledged to impose 100% tearifs on counties on this county to Import Rossian. Moscow ends its war in ukraine by aug. 8.
Trump Had Originally set a 50-Day Deadline But Abrupedly Reduced It to 10 Days on Tuesday, Accus Ukrainian cities.
In response to growing pressure from washington, bloomberg reported that indian authorities have instructed state-run refines to draw up contingency plans and explore alternative crude supliers, inland md. Eastern and West African Producers.
The warning appears to have had a swift impact. Four Major Indian State-Yowned Oil Companies, Together Accounting for 60% of the Country’s Refining Capacity, Have already suspended Purchases of Russian Crude.
Despite this Shift, India’s Private Refiners Including Reliance Industries and Nayara Energy – The later of which is partially owned by Russia’s Rosneft – ReMain the Largest Importers of Russian Oil.
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