Western pressure on Russian oil trade brings Indonesia into focus

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Western pressure on traditional buyers of Russian oil is bringing Indonesia into focus as a potential new market due to its growing import needs and limited fiscal flexibility. Analysts suggest that while discounted Russian oil could be attractive, Indonesia faces diplomatic risks, especially regarding trade negotiations with the US. Recent reports indicate possible indirect shipments of Russian crude to Indonesia via ship-to-ship transfers near Hong Kong, raising international scrutiny. The EU is reportedly considering sanctions on Indonesian ports allegedly handling Russian crude. Indonesian authorities and Pertamina deny directly importing Russian oil, maintaining their operations comply with the law.
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