India-Russia oil trade

New Delhi, November 6, 2025 — India is set to sharply curtail its direct imports of Russian crude oil starting late November, as new US sanctions targeting Moscow’s major oil producers, Rosneft and Lukoil, come into effect on November 21.Indian refiners, who currently handle over half of the country’s Russian crude imports, are expected to comply with the sanctions, industry analysts said. The move is likely to disrupt global oil trade flows, prompting Indian companies to reassess their sourcing strategies to avoid any potential US penalties.According to Kpler, a maritime intelligence firm, Russian crude arrivals in India could fall significantly…