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US sanctions may lead to fall in Russian oil imports
Business Standard
|October 27, 2025
Last week, the United States sanctioned top two Russian oil producers, Rosneft and Lukoil, aiming to reduce their export earnings and thus degrade Russia’s ability to continue its war against Ukraine.
Moscow said it will not yield to such pressure tactics. Major buyers of Russian oil in India and China indicated that they may curtail their procurements from Russia and look at other sources for their requirements. Crude oil prices went up from about $61 to $65, fearing supply disruptions.
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