India Reshuffles Trade Supply Chain to Buy Unsanctioned Russian Oil

Indian refiners are reshuffling and reconfiguring the oil traders, insurers, and vessel owners with which they work in a bid to continue receiving the cheaper Russian oil without risking violating the latest U.S. sanctions on Russia’s oil exports, anonymous executives directly involved in the trade told Bloomberg. India has been scrambling for supply and for ways to get Russian oil from entities that are not blacklisted by the U.S. Administration, following the January 10 U.S. sanctions on dozens of tankers hauling Russian crude to Asia,…