New Delhi: India is set to significantly reduce direct imports of Russian crude oil from late November as new US sanctions targeting Rosneft and Lukoil take effect on November 21. Analysts suggest that Indian refiners, which account for more than half of the country’s Russian crude used in petrol and diesel production, will largely comply with the new restrictions.

Maritime intelligence firm Kpler, cited by PTI, predicts a steep decline in Russian crude deliveries to India in December. A gradual recovery is expected by early 2026, facilitated by intermediaries and alternative trading arrangements.

Major Refiners To Halt Russian Crude?

Reliance Industries Ltd, which maintains a long-term supply agreement with Rosneft, is reportedly planning to stop purchasing Russian crude. Two state-ow

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