India's Shift in Oil Imports: Navigating Sanctions and Supply Challenges

India is expected to significantly reduce its crude oil imports from Russia amid U.S. and European sanctions. Reliance Industries Ltd, the largest Indian importer of Russian oil, may drastically cut or even stop these imports. The move marks a potential shift in India's oil sourcing strategy.

India is preparing to substantially cut its crude oil imports from Russia, according to refining sources. This decision comes in response to sanctions imposed by the U.S. and Europe, which are creating complex challenges in India's oil procurement strategy.

Reliance Industries Ltd, India's largest importer of Russian oil, is reportedly planning to significantly reduce or even completely cease its crude imports from Moscow. This strategic shift highlights the increasing pressure on Indian companies to adapt to geopolitical changes and navigate the impact of Western sanctions.

This development may force India to diversify its oil supply chain, exploring alternative sources to ensure energy security while adhering to international diplomatic alignments.

(With inputs from agencies.)