US sanctions shake up Russian oil exports to India

Business Nov 19, 2025

US sanctions on Russian oil giants Rosneft and Lukoil have led to a sharp drop in Russia's crude exports to India.
Between November 1 and 17, India-bound loadings fell to 672,000 barrels per day—way down from 1.88 million in October—as Indian refiners scramble to meet a looming US deadline.

The bigger picture: global oil trade feels the heat

It's not just India feeling the impact. Russia's total oil exports have dropped 28% this month, affecting big buyers like China and Turkey too.
To keep shipments moving, Russian exporters are trying workarounds like using ships with no set destination and mid-sea transfers.
Meanwhile, Indian refiners actually boosted imports by 16% ahead of the deadline, showing how global politics can quickly shake up energy markets and force everyone to adapt fast.