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It is reported that Russia's oil supply to India will drop to nearly zero.

Jin10 data reported on October 23, executives from Indian refineries stated that after the U.S. imposed sanctions on Russian oil giants Rosneft and Lukoil, the oil supply from Russia to major processors in India is expected to drop to nearly zero levels. State-owned refiners like Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum typically purchase Russian crude oil on the Spot market, while private firm Reliance Industries has signed long-term contracts with Rosneft. India is the largest buyer of Russian oil.

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