India’s largest private port operator, Adani Group, has banned entry of tankers that are sanctioned by the US, UK or the European Union, according to multiple local media outlets.
Adani’s port footprint in India is more focused on containers and dry bulk than tankers with analysts suggesting the news will not severely curtail Russian oil shipments into the world’s most populous nation.
However, the group is aware of the threat from Washington of secondary sanctions. Moreover, the US is asking G7 countries today to level India and China with sharply higher tariffs for buying Russian oil.
The US last month increased tariffs on Indian imports to 50% over the country’s purchases of Russian oil, something that has seen Indian refiners finally reduce their appetite for Russian crude.
Meanwhile, Russian oil giant Rosneft’s CEO, Igor Sechin, is believed to have maintained strong unofficial ties between India and the so-called shadow fleet—a network of largely unregistered or disguised tankers used to bypass Western sanctions. Despite mounting restrictions, this fleet continues to find ways to deliver Russian crude to Indian buyers, including key refiners like Nayara Energy, where Rosneft holds a significant stake.
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