India Reevaluates Russian Oil Purchases Under Escalating U.S. Sanctions Pressure
India is expected to curb its imports of Russian crude oil in the coming months as U.S. sanctions intensify against Moscow’s energy sector, heightening compliance risks for global traders and financial institutions. The shift marks a significant recalibration in India’s energy sourcing strategy, given that Russia has been New Delhi’s largest oil supplier since 2022, accounting for over a third of its total crude imports.