Trump’s Sanctions On Russian Oil Companies

US President Trump unleashes “tremendous” sanctions on Russia’s oil giants Rosneft and Lukoil – targeting nearly half of Moscow’s exports to starve Putin’s Ukraine war machine! Crude prices surge 3% overnight, marking a bold Trump admin shift from tariffs to direct hits. But what’s the fallout for India, Russia’s top crude buyer (34% of October supplies)? How these curbs will affect Reliance Industries (RIL) and Nayara Energy? Will it force refiners to rethink contracts, and open doors for a US-India trade boost. IOC & BPCL are already diversifying.