financetom
Business
financetom
/
Business
/
India stops taking Russian oil delivered on Sovcomflot tankers, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India stops taking Russian oil delivered on Sovcomflot tankers, Bloomberg News reports
Mar 22, 2024 2:31 AM

March 22 (Reuters) - All of India's refiners are now

refusing to take Russian crude carried on PJSC Sovcomflot

tankers due to U.S. sanctions, Bloomberg News reported on

Friday.

Reuters reported earlier this week that India's Reliance

Industries, operator of the world's biggest refining

complex, would not buy Russian oil loaded on tankers operated by

shipper Sovcomflot (SCF) after recent U.S. sanctions, according

to two sources familiar with the matter.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With Nike Stock?
What's Going On With Nike Stock?
Sep 5, 2025
Nike Inc ( NKE ) shares are falling Friday in sympathy with Lululemon Athletica Inc ( LULU ) , as investors grew concerned that escalating U.S. tariffs on imported goods will pressure margins across the athletic apparel sector. What To Know: Lululemon stock tumbled 18% after the company slashed guidance, citing the removal of the de minimis exemption, which previously...
Food grocers urge grain traders to uphold Brazil's soy moratorium initiative
Food grocers urge grain traders to uphold Brazil's soy moratorium initiative
Sep 5, 2025
SAO PAULO (Reuters) -Large food retailers, including Tesco, Sainsbury's and Aldi have urged global grain traders to defend Brazil's soy moratorium initiative, a pact designed to protect the Brazilian Amazon from soy-driven deforestation. In a letter dated Sept. 5 seen by Reuters, the food grocers directly ask the CEOs of ADM, Bunge, Cargill, Louis Dreyfus Company and China's Cofco to...
US SEC announces task force to fight cross-border fraud
US SEC announces task force to fight cross-border fraud
Sep 5, 2025
WASHINGTON, Sept 5 (Reuters) - The Security and Exchange Commission said on Friday it will form a task force to fight cross-border fraud that hurts U.S. investors. The Cross-Border Task Force will focus initially on investigating potential U.S. federal securities law violations related to foreign-based companies, including potential market manipulation, such as 'pump-and-dump' and 'ramp-and-dump' schemes, the SEC said in...
ESGold to Raise $5 Million in a Private Placement of Share Units
ESGold to Raise $5 Million in a Private Placement of Share Units
Sep 5, 2025
01:40 PM EDT, 09/05/2025 (MT Newswires) -- ESGold ( ESAUF ) on Friday on Friday said it will seek $5 million from a best-efforts private placement of share units, The company said it will place up to 6.7-million units with each priced at $0.75 and made up of a share and a three-year warrant to buy a second share for...
Copyright 2023-2025 - www.financetom.com All Rights Reserved