India’s oil binge to end in Dec as sanctions bite Russia

US targeted top Russian producers Rosneft and Lukoil in recent round of sanctions. AP

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India’s Russian oil imports are set to hit their lowest in at least three years in December, down from multi-month highs in November, as refiners turned to alternatives to avoid breaching Western sanctions, persons in the know of the matter from trade and refining said.

Britain, the European Union and the United States have tightened sanctions on Moscow over the war in Ukraine, with Washington's latest measures targeting top Russian producers Rosneft and Lukoil.