Russian oil under pressure: India braces for sharp drop in arrivals as new US sanctions kick in
India’s crude oil import map is shifting once again. New US sanctions on Russia’s biggest oil exporters have pushed refiners into a phase of caution, recalibration and short-term disruption.
Analysts say Russian barrels will still reach India, but with lower volumes and far more opaque routes.
On November 21, sanctions on Rosneft, Lukoil and their majority-owned subsidiaries came into force, turning their supply into what traders now call a “sanctioned molecule”.
