oil trade
India's Russian Oil Imports Plunge After US Sanctions: Impact on Global Energy Trade and Alternative Sourcing Strategies
Dec 02, 2025 10:22 pm CST
India's Russian oil imports have declined by nearly one-third following stringent US sanctions against key Kremlin-linked exporters. While November saw average imports of 1.8 million barrels per day, analysts expect December figures to drop to approximately 1 million bpd as major refiners like Reliance Industries temporarily suspend Russian purchases. The sanctions, targeting Rosneft and Lukoil, are reshaping India's crude sourcing strategy, with refiners now exploring alternative suppliers from the Middle East, West Africa, and the Americas while developing more complex trading channels to maintain access to discounted Russian barrels.
"We'll Cross The Bridge When We Get There": S Jaishankar On 500% Tariff Threat Over Russian Oil
Jul 03, 2025 02:17 pm CST
India is engaging with American lawmakers over concerns surrounding a new Russia sanctions bill introduced in the US Congress, Foreign Minister S Jaishankar said on Wednesday.