US Senate Russia sanctions vote raises risk for Indian crude supplies, says Kpler

Synopsis A US Senate vote advances tougher sanctions on Russia, potentially disrupting crude oil supplies. However, immediate impacts on India and China’s oil flows are unlikely. India’s reliance on Russian crude has significantly increased since 2022. Replacing these supplies quickly would be difficult and could tighten global markets. This situation raises concerns for India’s energy security and import costs. New Delhi: A US Senate vote to advance tougher sanctions on Russia raises the risk of disruption to Russian crude supplies but is unlikely to immediately alter oil flows to India and China, according to Kpler analyst Sumit Ritolia. The US…