Indian oil refiners maintain Russian crude imports despite US waiver expiry

Source:Financial Post

02 — Who / Subject

Indian oil refiners

03 — Where / Locus

India

04 — When / Temporality

May 18, 2026

Verified: May 18, 2026

05 — Why / Core Summary

"Indian refiners are expected to weather the expiry of the US waiver on Russian crude. Weaker domestic demand and alternative supply options from the US and Middle East provide a buffer. Russian crude remains a mainstay for India, with flows near peak levels."

Conflict Analysis

India continues to prioritize energy security and cost-effectiveness over strict adherence to US-led sanctions.

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