New US sanctions threaten to disrupt India’s Russian oil lifeline
India’s imports of Russian crude oil — the feedstock for fuels like petrol and diesel — are expected to drop sharply in the near term but not halt entirely as new US sanctions on Moscow’s top oil exporters take full effect, analysts said.
US sanctions on Rosneft and Lukoil, and their majority-owned subsidiaries, took effect on November 21, effectively turning crude linked to these firms into a “sanctioned molecule”.
