India Sees Shift in Russian Oil Imports Amid Decline in Rosneft Shipments

India's imports of Russian crude oil have shifted as shipments from Rosneft, a US-sanctioned supplier and previously the second-largest source, fell by about 75% in early 2026 compared to 2025. New and lesser-known traders, including UAE-linked suppliers, have increased deliveries to India, partially filling the gap. This change occurs amid broader growth in a global 'shadow fleet' of oil tankers that evade sanctions, facilitating trade with sanctioned countries like Russia and Iran. Indian companies such as Reliance Industries are reconsidering their exposure to Russian crude amid these developments.