US Sanctions Shake India’s Russian Oil Supply Chain
New US sanctions on Rosneft and Lukoil are set to sharply reduce India’s Russian crude imports, though not stop them fully. December–January flows may fall to around 400,000 bpd. Major refiners like Reliance and HMEL have paused purchases, while only non-sanctioned Russian suppliers remain viable. Analysts expect short-term disruption, and higher uncertainty.