Source: mint [India]
“India’s largest oil refiner, Indian Oil Corp. Ltd (IOC), on Tuesday said it will ‘absolutely not’ halt buying Russian crude and will also comply with international sanctions. The statement underscores India’s attempt to balance energy security with growing global restrictions, even as fresh US measures target major Russian suppliers Rosneft and Lukoil. … Supplies from Rosneft and Lukoil, the two Russian energy companies sanctioned last week account for about 55% of the total Russian oil supply to India. On Monday, the chairman and managing director of Indian Oil Arvinder Singh Sahney had said the company would comply with all sanctions imposed by the international community. Currently, Russian supplies comprise 19-20% of the company’s overall crude oil import basket.” (10/28/25)