Energy imports to the country dropped to 1.9 million barrels per day in September
Indian refineries have begun reducing imports of Russian energy resources in September following the adoption of the Graham bill in the US. Daily oil supplies to the country fell to approximately 1.9 million barrels, marking the lowest figure since April. This was reported by Glavcom citing Vladyslav Vlasiuk, according to the portal PromPolitInform.
The United States’ adoption of Lindsey Graham’s bill on new restrictions has already impacted the energy market, forcing buyers to reconsider their plans. US leader Donald Trump has received the authority to impose tariffs of up to 100% on the largest buyers of Russian energy resources.
Reaction of Asian importers
China and India reacted almost immediately to the signing of the document, emphasizing their energy security and sovereign right to independently determine energy procurement policies. Meanwhile, Indian state-owned enterprises have already started revising their plans regarding such purchases.
Restrictions from major importers could significantly increase economic pressure on Russia. The market adapts quickly, whereas Russia lacks the necessary buffer, and months of plunging oil and gas revenues will make Moscow much more amenable to negotiations.
Difficulties in evading sanctions
Any attempts by Moscow to bypass restrictions through shell companies face severe hurdles in the oil market. Unlike the supply of components, the oil market is more closed and relies heavily on long-term contracts and reputation.
Payments for oil pass through specific currencies and financial systems where operations risk triggering secondary sanctions. At the same time, investigative journalism remains crucial in exposing sanction-evasion schemes.
Photo: Glavcom
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