Adani Ports Ban May Impact Crude Oil Supply from Russia

• Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, is banning sanctioned shipping vessels.

• The ban could affect crude oil cargoes from Russia, which accounts for over one-third of India’s crude oil imports.

• APSEZ’s decision to not allow vessels sanctioned by the U.S. Office of Foreign Assets Control, EU, and the U.K. to dock at its ports includes Mundra, which handles close to 10% of India’s total crude oil imports.

• The move is a direct response to international pressure and is expected to present a significant challenge to the import of Russian crude oil.

• Mundra port, which handles crude oil to refineries in North India, is a critical gateway for Russian barrels into India.

• The decision adds a new layer of complexity to India’s crude sourcing, creating potential compliance pressures for Russian flows into HMEL and other refineries.

Adani Ports Ban is important topic for Civil service exam (WBCS).

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