India's Russian Crude Oil Imports Decline, Slipping to Third-Largest Buyer in December 2025

India's imports of Russian crude oil fell sharply by 29% in December 2025, driven mainly by a nearly 50% reduction at Reliance's Jamnagar refinery and a 15% cut by state-owned refiners, according to CREA. Despite a slight rise in overall crude imports, India slipped to the third-largest buyer of Russian fossil fuels behind China and Turkey. Russian oil remains a significant part of India's supply, accounting for about 35% of imports, often priced below Brent despite geopolitical pressures and US sanctions targeting Russian producers.