Russia Sanctions Bill: ICICI Securities explains how HPCL, BPCL, IOC earnings could be impacted

Shares of HPCL, BPCL, and IOC fell up to 1% on Monday, September 21, after US President Donald Trump signed the Russia sanctions bill on September 18. ICICI Securities said these new tariffs could impact earnings if India cuts Russian crude imports. Many factors like government intervention remain in focus.