India is preparing to retreat in the face of US sanctions! India's largest Russian oil buyer will give up purchasing Russian oil!
Since 2022, India has been a major buyer of Russian oil, importing about 1.7 million barrels per day of Russian oil in the first nine months of 2025.
After the United States announced sanctions on two of Russia's largest oil companies and their 36 subsidiaries today, the largest Indian buyer of Russian oil, the private company Reliance Industries, will significantly reduce or even completely stop importing Russian oil.
Today, India's state-owned refineries have also begun reviewing their documents for trading Russian oil to ensure that they do not have direct supply relationships with Russian oil companies or Lukoil after the United States imposes sanctions on Russian oil companies.
Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Mangalore Refinery and Petrochemicals Limited are checking the bills of lading for Russian oil arriving after November 21 to ensure that this oil is not directly from Rosneft or Lukoil.
Because India's state-owned refineries rarely purchase oil directly from Russian companies to avoid risks, their transactions are usually conducted through intermediaries, so this part of the transaction may not be affected in the short term.
Original: www.toutiao.com/article/1846765584880652/
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