US sanctions restrict Indian refiners' Rosneft and Lukoil crude flows
Indian refiners must reroute or replace sanctioned Russian crude
Change
US sanctions on Rosneft, Lukoil and their majority-owned subsidiaries took effect on November 21, reducing Indian refiners' ability to process linked Russian crude.
Why it matters
The restrictions are expected to cut near-term Russian crude flows to India and require contract, routing, ownership and payment-channel changes.
Implications
- — Indian refiners must replace or reroute sanctioned crude supplies — failure risks OFAC exposure and feedstock disruption
- — Trade compliance teams must verify cargo ownership and loading dates — post-deadline arrivals linked to designated entities create sanctions risk
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