Refiners carefully check the ownership of each vessel to ensure it is not linked to the aforementioned Russian company or other sanctioned groups.
All Indian oil refiners have refused to accept Russian crude oil carried by tankers of the sanctioned Sovcomflot. Bloomberg reported this on Friday, March 22.
Agency sources said private and state-owned oil refiners, including the largest company, Indian Oil Corp., have stopped accepting cargo if it is carried on Sovcomflot tankers.
Oil refiners are understood to carefully check the ownership of each vessel to ensure it is not linked to the aforementioned Russian company or other sanctioned groups.
It was also reported that Indian companies Indian Oil, Bharat Petroleum Corp., Hindustan Petroleum Corp., Mangalore Refinery & Petrochemicals Ltd. and Nayara Energy Ltd did not immediately respond to emails seeking comment.
The agency said India has been the main buyer of Russian oil since the start of the full-scale war in Ukraine, but tougher US sanctions have led to a decline in trade between the countries and Indian oil refiners. looking for oil from other regions, such as the United States.
Sovcomflot said this week that the sanctions are putting pressure on its operations.
Earlier it was reported that the Indian company Reliance refused to supply oil to the Russian Federation by Sovcomflot tankers.
It was also reported that India (the biggest buyer of Russian oil) has not been buying premium ESPO grade raw materials shipped from Kozmino port for two months.
Source: korrespondent
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