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Some Russian crude oil shipments are stranded in Indian ports due to the price standoff set by Western countries, according to India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri. “In the Russian case, it is a question of price cap and it is also a question of some of their shipping entities coming under adverse notice of others,” he has said. He also has added that when Russian prices don’t fit, India buys oil from Iraq, the UAE, and Saudi Arabia. Oil imports to India from Russia have declined due to sanctions Last month, the U.S. tightened compliance with the price cap by impos…

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