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US sanction on Russian oil cos: India import bill to rise
The Morning Standard
|October 24, 2025
Rosneft and Lukoil account for 60% of Russian oil supplies to India
THE fresh sanctions announced by the US on Russia's two largest oil companies, Rosneft and Lukoil, are likely to raise India's crude oil import bill by 2%, as per industry experts.
Analysts say the two companies are among the world's major crude exporters, together supplying 4-5 million barrels a day globally. For India-whose dependence on cheaper Russian crude has risen significantly over the past three years―these two firms account for about 60% of Russian oil supplies.
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FLERE HISTORIER FRA The Morning Standard
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