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Russian oil imports set to plunge after US sanctions
Financial Express Chandigarh
|October 24, 2025
India’s import bill may go up by less than 2%: Icra
REFINERS IN INDIA — in particular Reliance Industries (RIL) — are poised to sharply reduce imports of Russian oil after the Donald Trump administration announced sanctions on state-run oil giants Rosneft and Lukoil. The two companies account for about 60% of the volumes purchased by Indian refiners.
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