Key facts
- The US is seeking to end the waiver allowing India to import Russian crude oil.
- India imported a record 2.3 million barrels per day of Russian crude last month.
- The waiver has supported India's continued imports of Russian oil cargoes.
The United States is reportedly pushing to end the sanctions waiver that permits India to import crude oil from Russia. This move comes as India has been significantly increasing its reliance on Russian oil. Data from energy intelligence firm Kpler reveals that India imported a record-shattering 2.3 million barrels per day of Russian crude oil in the previous month. These imports were facilitated by the continuation of cargoes under the existing waiver, which the US now aims to terminate.