Sanctions force refiner retreat on Russian oil
Hindustan Times Thane
|October 24, 2025
The US on Wednesday sanctioned Russia's two biggest oil firms even as the EU expanded curbs on trade with Moscow
The US late on Wednesday announced sanctions on Russian oil giants Rosneft and Lukoil, the Trump administration's strongest bid yet to pressure President Vladimir Putin into negotiating an end to the war in Ukraine, a move that could force Indian refiners to sharply reduce their purchases.
This story is from the October 24, 2025 edition of Hindustan Times Thane.
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