Us Sanctions

Sanction-hit Nayara delays Vadinar oil refinery maintenance work

The private refiner will delay planned works and the closure of its 400,000 barrels-a-day complex from February until April 2026, according to people familiar with the matter

Best of BS Opinion: NCLT courts must fix institutional gaps

From tribunal capacity and procedural certainty to tanker seizures that could hit India's economy, today's Best of BS Opinion also looks at Budget-impact laws, AI agents, and a book on sanctions

US readies new sanctions if Putin rejects peace deal with Ukraine

The US has already sanctioned four top Russian producers and, along with other Group of Seven nations, hundreds of tankers involved in transporting Moscow's oil

New sellers, old oil: How Russian crude still flows to India via West Asia

Emergence of new sellers reflects the importance of the $60 bn Indo-Russian trade to oil producers and refiners of both nations

India's crude security holds as refiners pivot from sanctioned suppliers

With the November 21 deadline now past, India's Russian crude inflows are easing but not collapsing as refiners pivot to non-sanctioned suppliers, tap alternatives and benefit from soft global prices

'New US sanctions threaten to disrupt India's Russian crude oil lifeline'

India's imports of Russian crude oil - the feedstock for fuels like petrol and diesel - are expected to drop sharply in the near term but not halt entirely as new US sanctions on Moscow's top oil exporters take full effect, analysts said. US sanctions on Rosneft and Lukoil, and their majority-owned subsidiaries, took effect on November 21, effectively turning crude linked to these firms into a "sanctioned molecule". India's crude oil imports from Russia, averaging 1.7 million barrels per day (bpd) this year, remained firm ahead of the cutoff, with November arrivals projected at 1.8-1.9 million bpd, as refiners maximise discounted purchases. But flows are expected to drop noticeably in December and January, with analysts estimating near-term declines to around 4,00,000 bpd. Traditionally, reliant on Middle Eastern oil, India significantly increased its imports from Russia following the February 2022 Ukraine invasion. Western sanctions and reduced European demand made Russian oil ...

US sanctions risk leaving 48 million barrels of Russian oil stranded at sea

Washington's move last month to blacklist top oil producers Rosneft PJSC and Lukoil PJSC is arguably its most aggressive to date under the current administration

Reliance stops import of Russian crude oil into Jamnagar's SEZ refinery

India's Russian oil loadings at 3-yr low in Nov as refiners grow wary of US sanctions

AI shifts from support role to core strategy, industries speed up adoption

US sanctions on Rosneft and Lukoil, along with the EU's ban on refined products derived from Russian crude, are unlikely to materially dent the margins or credit profiles of India's state-run oil marketing companies, Fitch Ratings said. The ratings agency warned, however, that the eventual impact will hinge on how long the sanctions last and how strictly they are enforced. Russian crude made up about a third of India's oil imports between January and August 2025, and its discounted rates have been a key boost to OMC profitability. Fitch expects the companies to adhere to sanctions, though some refiners may continue sourcing unsanctioned Russian barrels. Traditionally reliant on Middle Eastern oil, India significantly increased its imports from Russia following the February 2022 Ukraine invasion. Western sanctions and reduced European demand made Russian oil available at steep discounts. As a result, India's Russian crude imports surged from under 1 per cent to nearly 40 per cent of

US sanctions propel Chinese AI prodigy Chen Tianshi to $23 bn fortune

Chen's rise underscores how China's robust support for its domestic AI industry is minting a new class of state-aligned tech elites just a few years after it cracked down on its private-sector titans

Bill to sanction Russia's trading partners would get my backing, says Trump

The bill would allow Trump to impose tariffs of up to 500 per cent on imports from countries that buy Russian energy products and are not actively supporting Ukraine

Court blocks new US curbs on immigrants seeking commercial driving licences

The Transportation Department's new restrictions that would severely limit which immigrants can get commercial driver's licences to drive a semitrailer truck or bus have been put on hold by a federal appeals court. The court in the District of Columbia ruled Thursday that the rules Transportation Secretary Sean Duffy announced in September a month after a truck driver not authorised to be in the US made an illegal U-turn and caused a crash in Florida that killed three people can't be enforced right now. The court said the federal government didn't follow proper procedure in drafting the rule and failed to articulate a satisfactory explanation for how the rule would promote safety. The court said the Federal Motor Carrier Safety Administration's own data shows that immigrants who hold these licences account for roughly 5% of all commercial driver's licences but only about 0.2% of all fatal crashes, the court said. Duffy has been pressing this issue in California because the driver i

Third of Russian seaborne oil exports stuck amid US sanctions: JPMorgan

The US set a November 21 deadline to wind down all dealings with Rosneft and Lukoil, in the first direct sanctions imposed on Russia by President Donald Trump since the start of his second term

US sanctions entities in Myanmar, Thailand for fraudulent investment scams

Americans lost at least $10 billion in 2024 to Southeast Asia-based online scam operations, a 66 per cent increase from the prior year, Department of State said

US sanctions 32 entities, individuals from several nations including India

The US on Wednesday announced sanctions against 32 entities and individuals from several countries, including India and China for links to Iran's ballistic missile programme. The US state department said the action is in line with President Donald Trump's efforts to counter Iran's aggressive development of missiles and other asymmetric and conventional weapons. The US is today sanctioning 32 entities and individuals based in Iran, China, Hong Kong, the United Arab Emirates, Turkiye, India, and other jurisdictions that operate multiple procurement networks supporting Iran's ballistic missile and unmanned aerial vehicle (UAV) production, it said. It said the action supports the reimposition of UN sanctions and restrictive measures on Iran in September response to the country's "significant non-performance" of its nuclear commitments. US Under Secretary of the Treasury (terrorism and financial intelligence) John K Hurley said Iran exploits financial systems across the globe to launder

US grants Hungary exemption on Russia sanctions after Trump-Orban meeting

Last month, Trump imposed Ukraine-related sanctions on Russian oil companies Lukoil and Rosneft that carried the threat of further sanctions

Trump hints at easing Russian oil sanctions on Hungary, cites war toll

Speaking at a joint meeting with Hungarian Prime Minister Viktor Orban, Trump said the US is "looking at" Orban's request for an exemption from the Russian oil sanctions imposed last month

Gunvor Group scraps Lukoil deal after US calls it Kremlin 'puppet'

Gunvor pushed back on the Treasury comment on social media, calling it "fundamentally misinformed and false"

Russia's crude exports tumble as US sanctions hit key Asian buyers

Russian exporters are continuing to load crude onto tankers, but refiners are less willing to take the cargoes into their storage tanks

Russian crude finds fewer takers in China after hit from sanctions

State-owned giants such as Sinopec and PetroChina Co. are staying on the sidelines, having canceled some Russian cargoes in the wake of US sanctions on Rosneft PJSC and Lukoil PJSC last month