US Sanctions on Russian Oil: India Waiver Expiry
Key Questions
What happens when the US waiver for Indian imports of Russian oil expires?
The waiver allowing India to import Russian oil expires today, June 17. This could disrupt supply chains and lead to price volatility as India has been importing a record 2.3 million barrels per day.
How is India responding to the expiry of the Russian oil waiver?
India is exploring deeper oil cooperation with Venezuela and could see increased supply from Brazil to offset potential losses. Pump prices in India may remain stable in the short term due to transport lags.
What legislative action is advancing in the US regarding Russian sanctions?
The US House is moving forward with a Russia sanctions bill that could further restrict oil trade. This development adds uncertainty to global crude flows and pricing.
US waiver allowing India to import Russian oil expired June 17. India imported record 2.3M bpd from Russia. No new data on impact; India exploring deeper oil cooperation with Venezuela, Brazil doubling supply. Expiry could disrupt supply chains but no immediate market reaction reported.