Together, the four sanctioned firms accounted for more than 80% of India’s Russian oil imports in 2024,

Hungary depends on Moscow for the bulk of its oil and gas imports. Unlike many of its European Union neighbors, which have worked to cut reliance on Russian energy following Moscow’s full-scale invasion of Ukraine in 2022, Hungary has since ramped up its purchases.

The overall impact on China’s crude demand should be short-lived as traders re-route cargoes to other ports, Energy Aspects said.

Situated in Al Ruwais Industrial City, Abu Dhabi, the 9.6 Mt/year Ruwais LNG project is expected to begin commercial operations in 2028.

Russian-origin crude liftings from Russian ports reached 3.88 million b/d, the highest since April 2024,

These new measures follow the 18th sanctions package, unveiled in July 2025, which lowered the oil price cap on Russian crude to US$47.6/bbl,

Trump has repeatedly threatened the largest buyers of Russian crude with sanctions if a deal to end the war in Ukraine is not reached. On Aug. 6, Trump issued an executive order raising tariffs on US imports from India from 25% to 50%, in response to what Trump described on Truth Social as India's "massive" purchases of Russian crude.

Physical export volumes in July increased 1.4% month-on-month to 7.3 million barrels per day, matching the export volume from a year earlier.

The refiner, part-owned by Russian oil major Rosneft PJSC, is an important pillar of the Indian market. Its 400,000 barrels-a-day processing plant accounts for 8% of the country’s refining, and the company operates 7% of its fuel stations.

Performance on the Oil Majors has been one to ponder on as shifts in pricing has been dependent majorly on Russian Oil supply point in case being India.

Russia has often raised crude exports to China via the Arctic route during the navigation season, when voyage time to the world's top seaborne crude importer is shorter and freight costs lower.

Russia and India stressed their commitment to a "strategic partnership" in bilateral security talks in Moscow

"Russia will attempt to exploit the rift between the U.S. and India by proposing the restoration of the Russia-India-China trilateral and new projects in defence,"

Imports of goods from Russia in the first quarter of 2025 totaled 8.74 billion euros ($10.11 billion), down from 30.58 billion euros four years earlier. Since January 2022, the EU has imported 297 billion euros' worth of Russian goods.

Trump's threat to India over its purchases of Russian oil started on July 31, when he announced a 25% tariff for Indian goods, along with an unspecified penalty.