India's Russian Oil Imports Decline Amid US Pressure and Sanctions Considerations

India's imports of Russian crude oil fell to a three-year low in December, about one-third below their peak in June, with purchases likely to stabilize or decline further amid ongoing US pressure. The US has imposed punitive tariffs and is considering sanctions on countries buying Russian hydrocarbons, prompting India's refining sector to reduce reliance on discounted Russian oil. As a result, some Russian oil cargoes remain stranded at sea, while India explores pricier alternatives. Analysts note that Russia remains a key supplier, but buying is becoming more opportunistic and compliance-sensitive.