Why India Might Finally Drop Russian Oil

WooGlobe

Is India Finally Giving Up Russian Oil? | US Sanctions Shake Up Global Energy Game  India’s decades-long oil strategy faces a dramatic shift. With new US sanctions targeting Russia’s oil giants Lukoil and Rosneft, Indian refineries could soon face tough choices. As Reliance Industries reassesses its imports and alternatives from the Middle East surge, the question remains — will India bow to American pressure or carve its own path?  This video breaks down the fast-evolving geopolitics behind India's oil pivot, the risks of secondary sanctions, the impact on India’s economy, and what this means for global energy markets. WooGlobe Ref : WGA381914 For licensing and to use this video, please email licensing@wooglobe.com

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00:00Is India finally preparing to ditch Russian oil?

00:03A massive shift might be underway after the U.S. slapped new sanctions on Russian oil giants.

00:09Lukoil and Rosneft, the very companies supplying over 60% of India's crude oil.

00:15Now, India has just weeks before it risks secondary sanctions on its banks, refineries, and shipping lines

00:21if they don't stop dealing with the blacklisted firms by November 21.

00:25India's biggest refinery, Reliance Industries, is already preparing to adapt.

00:30And behind closed doors, sources say it's cutting ties with Rosneft.

00:34This comes after President Trump claimed that Prime Minister Modi promised to stop.

00:38Russian oil purchases, something India hasn't confirmed, or denied.

00:43So is India bowing to pressure, or just buying time?

00:46Either way, the shift is already visible.

00:49Iraq, Saudi Arabia, and the UAE are ramping up oil exports to India.

00:54But here's the catch. These alternatives are more expensive.

00:58That could hit India's economy hard.

01:00But with $700 billion in reserves and a potential trade deal with the U.S. in sight,

01:04India might be playing the long game.

01:07And while Russian oil may fade for now, don't count it out just yet.

01:11You're so lucky.

01:12There are people who will not have Israel.

01:14I'm not talking about that.

01:15I'm with?

01:16Everyone's talking about that.

01:18And this is a big thumbs up.

01:20When we don't spend a lot of money on the Alae are any of these markets,

01:21we'll just get an absolute opportunity to ask them to go over and ask them.

01:23So we don't have enough money on that space.

01:25And they're not paying attention.

01:26It's not just to pay attention to these markets.

01:27The world's a good opportunity to pay attention to the place.

01:29It's been a long time in the future,

01:30but the current authorities are all the great traditions.

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