Daijiworld Media Network - New Delhi

New Delhi, Nov 5: India is poised to curb its direct imports of Russian crude oil starting late November, following the introduction of new US sanctions targeting Rosneft and Lukoil, which come into effect on November 21.

Analysts expect major Indian refiners, which account for over half of the country’s Russian crude purchases, to comply with the sanctions. These refiners convert the imported crude into fuels like petrol and diesel, making their decisions critical to the country’s oil supply chain.

Maritime intelligence firm Kpler forecasts that this move will sharply reduce Russian crude arrivals in December. However, shipments are expected to gradually recover by early 2026 through intermediaries and alternative trading routes.

Reliance Industri

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