India’s Russian crude imports are set to fall sharply from July’s record as Russian supply constraints and competition from China push refiners toward alternative suppliers.

Russia now accounts for about half of India’s crude imports. Experts say this reflects source diversification, but high concentration carries risks from sanctions, shipping curbs.

Indian refiners seek new oil sources due to Russian supply disruptions. Crude oil reaching a new all-time high by December 31 at 11.5% YES.