Possible Russo-Indian Oil Supply Deal Fraught with Sanctions Implications

JOHANNESBURG--April 8, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Russia is looking to secure Asian markets for its oil as the Western sanctions over the annexation of Crimea threaten to bite hard and India is looking for new long-term sources of oil supply to meet growing demand and refinery capacity utilization. Not a "'deal made in heaven," but a good fit, with both parties having some leverage, if and when they come to the final deal-making table.