India cancels gas imports from sanctioned Russian Arctic LNG 2 project

Reuters reported the information.

"We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity. Something which has broad-based sanctions, we are not touching it," Jain stated.

The Arctic LNG 2 project of the Russian company Novatek has been subject to Western sanctions due to Russia's war against Ukraine. The United States has also imposed sanctions on hundreds of entities and individuals for supporting Russia's military efforts, including companies that support the development of the Arctic LNG 2 project and its liquefied natural gas supplies.

Novatek denies media allegations about the company's involvement in the creation and management of a "shadow fleet" for the Arctic LNG 2 project, stating that these claims are not true.

• In May, oil imports from Russia to India rose to a record level of about 2.1 million barrels per day amid declining demand for Russian oil from China.