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Indian Oil resumes Russian crude buy

Financial Express Ahmedabad

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November 01, 2025

INDIAN OIL CORP, the country’s top refiner, has bought five cargoes of Russian oil for December arrival from nonsanctioned entities, traders said, resuming purchases despite pressure from Washington on India to stop buying Russian oil.

- REUTERS

Washington last week imposed sanctions on Rosneft and Lukoil, Russia’s two largest oil companies, stepping up efforts to pressure President Vladimir Putin to end the war in Ukraine.

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