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The Economic Times

Economy / The Economic Times

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Chain reaction: Rosneft on radar, new Russian oil suppliers pop up for India

India's dependence on Russian oil is evolving, as new and lesser-known traders rise to fill the gap left by Rosneft's dramatic 75% reduction in shipments. UAE-associated suppliers are stepping in, capturing the attention of Indian buyers keen to steer clear of sanctioned entities. Key players like Reliance Industries are rethinking their strategies, choosing to abstain from Russian crude completely.

19 Jan 2026 11:06 pm