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India can switch from Russian crude, but at a cost: Analysts
The Straits Times
|October 25, 2025
Indian oil refiners can shift away from Russian crude after US President Donald Trump imposed sanctions on Moscow’s two largest oil companies ~ but the move will come at a cost, analysts said on Oct 24.
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Oil pump jacks in Russia. US officials have accused India of helping to fund Russia's war in Ukraine by buying discounted oil from Moscow.
(PHOTO: REUTERS)
Mr Trump has claimed that Indian Prime Minister Narendra Modi has agreed to cut its Russian oil imports as part of a prospective US trade deal - something New Delhi has not confirmed.
Relations between the countries plummeted in August after Mr Trump raised tariffs on Indian exports to the US to 50 per cent.
US officials have accused India of helping to fund Russia's war in Ukraine by buying discounted oil from Moscow.
There has been no immediate response from India's foreign or oil ministries, or from major refiners, since Washington announced the sanctions on Oct 23.
"The key is to what extent Modi bends to the American will," Mr Jorge Montepeque of Onyx Capital said, adding that the "initial responses were that the state oil companies were very cautious".
Denne historien er fra October 25, 2025-utgaven av The Straits Times.
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FLERE HISTORIER FRA The Straits Times
The Straits Times
Abuse Young children in dysfunctional families face high risks
The physical and mental abuse Megan Khung suffered has left Singaporeans reeling over how this could have happened here.
1 min
October 28, 2025
The Straits Times
Doctors Dishonesty a serious matter to SMC and courts
The commentary “Are doctors in Singapore being disciplined fairly?
2 mins
October 28, 2025
The Straits Times
Better tracking needed to measure hearing loss
Hearing loss is a lot more than an ear issue, and is linked to cognitive decline, loneliness, increased fall risk, malnutrition, and even diabetes (Sumiko at 61: Hearing loss is linked to dementia risk.
1 mins
October 28, 2025
The Straits Times
'Yacht expert' among 3 S'poreans named as co-conspirators of Cambodian tycoon in US probe
Three Singaporeans allegedly implicated in a major probe by the United States and Britain targeting cybercrime include a self-styled yacht expert.
2 mins
October 28, 2025
The Straits Times
FROM HEARTBREAK TO CONQUERING THE HARD COURTS
In this series, The Straits Times highlights the players or teams to watch in the world of sport.
5 mins
October 28, 2025
The Straits Times
S'pore firm sanctioned by US was involved in HDB projects
Khoon Group under scrutiny over links to China-born tycoon in cybercrime probe
6 mins
October 28, 2025
The Straits Times
Rape Father sentenced to 24 years’ jail
A 54-year-old man, who was goaded by his lover to commit sexual acts on his daughter, was sentenced to 24 years’ jail on Oct 27.
1 min
October 28, 2025
The Straits Times
Art appreciation Louvre museum heist a wake-up call
I've seen photos of the Louvre in textbooks and read about the Mona Lisa and the endless halls lined with art.
1 min
October 28, 2025
The Straits Times
S’pore eyes renewable fuel, nuclear tie-ups in drive for diverse energy mix: Tan See Leng
Singapore must be ready to support all promising pathways, from established technologies to novel options, in its bid to transition its fossil fuel-based energy sector to one that is clean yet affordable, said Minister-in-charge of Energy and Science and Technology Tan See Leng on Oct 27.
4 mins
October 28, 2025
The Straits Times
Japan's new leader faces an early test: Winning over Trump
Ms Sanae Takaichi, who last week became the first woman to lead Japan as prime minister, has never met US President Donald Trump.
3 mins
October 28, 2025
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