This week, India decided not to buy more Russian Sokol Crude Oil, for now. India has for some time been buying cheaper Russian oil, refining it and selling the refined products to European countries. Since the Ukraine war, many European countries have refused to buy from Russia. It now looks like the threat of US sanctions have stopped this great business for India. With not many alternative markets, the Russians will be happy that, today China has stepped in to buy the oil.
Rosebank Court Case and Protesters
Rosebank Oil Field Location Map
The Rosebank field map location : Atlantic Ocean, north west of Shetland Islands, UK.
Updates :-
Amanda Duarte As well as not wanting to fall foul of US Sanctions, there also appears to be a dispute with the agreed price between Russia and India.
Richard Johnson Russia has several ship tankers full of oil that they can not get in to port. Perhaps China can negotiate a discount and take them all.
Urian Udell Last year India purchased over ten times more oil from Russia than it did before the Ukraine invasion. It is now turning Russian ships away.