NEW DELHI, Nov 5: India is set to reduce its direct imports of Russian crude from late November, following new US sanctions on Rosneft and Lukoil, effective November 21. Indian refiners accounting for more than half of the country’s import of Russian crude oil, which is turned into fuels like petrol and diesel in refineries, are expected to comply with the latest sanctions on Moscow’s two largest oil exporters, analysts said. This, according to maritime intelligence firm Kpler, will trigger a sharp decline in Russian arrivals in December, with gradual recovery projected through early 2026 via intermediaries and alternative trading routes. Top importer Reliance Industries Ltd, which has a long-term supply contract with Rosneft, will stop taking Russian oil. Two other state-controll

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