BOC POLLS: CANADIANS SAW RECESSION, INFLATION AFTER TRUMP WIN

MNI BRIEF: EU Ministers Could Discuss Defence Spending Monday

RPT- MNI INTERVIEW: Canada Chilled By Trump Tariff Threat

MNI China Daily Summary: Monday, January 20

MNI BRIEF: China Steel Industry To Control Capacity Further

MNI BRIEF: China, US To Strengthen Trade Dialogue - Official

EZ/UK T-Bill Calendar: 6-month ESM-Bill Auction on Tuesday

EZ/UK Bond Supply Calendar: FR/LT/UK Syndications Near Future

MNI: BOC OUTLOOK SURVEY: FUTURE SALES GROWTH BALANCE OF OPINION +31

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: India Receives Sanctioned Russian Crude in Wind-Down Period

OIL
IndiaAPACCommoditiesCEEMEAEnergy BulletsRussiaBullet

A total of 4.5mbbl of Russian crude has delivered to ports in India on vessels sanctioned by the US on Jan. 10, according to Kpler cited by Bloomberg. 

  • The deliveries were on Urals grade tankers Arjun, Zaliv Amurskiy, Corum, Sagitta, Mercury and Zenith which will no longer be able to deliver crude after a wind-down period.
  • The US has set a deadline of Feb. 27 for cargo deliveries that were loaded prior to Jan. 10.
  • India also received 5.3mbbl of Russian Urals, Novy Port and Varandey crude on the six non-sanctioned vessels Maisha, Jaguar, Vernal, Nagarjuna, Katiuska and Fossil.
  • Indian buyers of Russian crude are pushing to clear payments in a shorter period to try and avoid any U.S. sanctions issues according to Bloomberg sources. Payments are also being settled in other currencies to avoid dollar related issues.
  • Russia is still the largest crude supplier to India so far this year, holding a 31% share of total imports 1.5mb/d, Kpler shows.
157 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

A total of 4.5mbbl of Russian crude has delivered to ports in India on vessels sanctioned by the US on Jan. 10, according to Kpler cited by Bloomberg. 

  • The deliveries were on Urals grade tankers Arjun, Zaliv Amurskiy, Corum, Sagitta, Mercury and Zenith which will no longer be able to deliver crude after a wind-down period.
  • The US has set a deadline of Feb. 27 for cargo deliveries that were loaded prior to Jan. 10.
  • India also received 5.3mbbl of Russian Urals, Novy Port and Varandey crude on the six non-sanctioned vessels Maisha, Jaguar, Vernal, Nagarjuna, Katiuska and Fossil.
  • Indian buyers of Russian crude are pushing to clear payments in a shorter period to try and avoid any U.S. sanctions issues according to Bloomberg sources. Payments are also being settled in other currencies to avoid dollar related issues.
  • Russia is still the largest crude supplier to India so far this year, holding a 31% share of total imports 1.5mb/d, Kpler shows.