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US sanctions start to impact supplies from Russia

The New Indian Express Tirunelveli

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January 24, 2025

Russian oil's share in BPCL's crude basket fell heavily

- ENS ECONOMIC BUREAU @ New Delhi

THE US sanctions on Russian oil sector have started to show impact on India's near-term oil flows with state-owned Bharat Petroleum Corporation Ltd (BPCL) saying not enough cargoes are available from Russia for March 2024.

BPCL Director (Finance) Vetsa Ramakrishna Gupta stated during an analyst call on Thursday that BPCL had booked Russian crude for January and February, but for March, "We are not getting sufficient cargoes."

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