India rejected Russia’s offer ?to sell it liquefied natural gas subject to US sanctions, despite a huge shortfall driven by Middle East tensions, leaving a tanker bound for India in limbo as talks continue on permitted cargoes.

The stance highlights the fine balance the world’s third-biggest oil importer and consumer is seeking to strike between securing energy supplies and avoiding LNG cargoes on which the U.S. has ?placed sanctions, which are harder to disguise and carry greater compliance risk. It also underscores the limits of Moscow’s ability ?to pivot its LNG exports to new markets.

Indian Prime Minister Narendra Modi on Sunday urged people to conserve fuel and foreign exchange by working from home, limiting foreign ?travel and reducing imports of gold and edible oil.

https://www.zerohedge.com/markets/india-rejects-russian-lng-under-sanctions