India’s once-booming Russian oil imports have begun to cool sharply after the United States sanctioned Moscow’s oil majors Rosneft and Lukoil on October 22, according to provisional tanker data cited by The Indian Express.

The numbers tell the story: in the week ending October 27, crude oil exports from Russia to India averaged 1.19 million barrels per day (bpd), down steeply from 1.95 million bpd just two weeks earlier. The decline coincides with Washington’s new sanctions, which take full effect on November 21.

Refiners, wary of the secondary sanctions risk, are already reducing purchases from the two sanctioned firms that together account for more than half of Russia’s oil exports, and nearly two-thirds of India’s Russian oil intake.

Rosneft and Lukoil shipments plunge

Data from glo

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