Indian refiners said to be reviewing Russian oil contracts after US sanctions

Indian state refiners are reviewing their Russian oil trade documents to ensure that no supply will be coming directly from Rosneft and Lukoil after both companies were sanctioned by the United States, a source with direct knowledge of the matter said on Wednesday.

U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war.