NEW DELHI: Indian oil companies have halted purchasing crude oil from Russia. The decision came after the United States imposed strict sanctions on India, prompting both the central government and suppliers to seek clarity before continuing imports. Reports suggest that the uncertainty around oil purchases has forced some companies to shift to spot buying- sudden, unplanned purchases of oil. The state-owned Indian Oil Corporation has already issued a new tender for crude supply.

Reliance Industries, India's largest private-sector oil refining company, has also turned to spot buying. The US had recently imposed sanctions on major Russian oil companies such as Lukoil and Rosneft. These firms are already facing pressure from the European Union and the United Kingdom due to the ongoing war in

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