The author of the Resurgam Telegram channel discussed the issue.In a notable shift, India’s major state-run oil refiners have begun scaling back purchases of Russian crude, even though the government has not issued any formal restrictions. According to Bloomberg and data from Kpler, leading companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum have excluded Russian oil from their October procurement lists, focusing instead on alternatives such as oil from the UAE.This move comes as the European Union prepares to ban imports of Indian petroleum products made from Russian oil by the end of the year, and as uncertainty grows over potential new tariffs from the United States. While private Indian refiners continue to buy Russian crude, the Kremlin has been forced to offer steeper discounts—up to $5 per barrel—to retain buyers, cutting into Russia’s net oil revenues.Market analysts expect Indian traders to keep seeking Middle Eastern and American oil to replace Russian supplies, though fully substituting Russia’s share—about 37% of India’s imports—remains a challenge. The trend of deeper discounts on Russian oil is likely to persist, especially as Russia’s own refineries undergo seasonal maintenance, increasing the need to export crude.Industry experts predict that the impact of these changes will become more visible in trade statistics by late September and October, as current deliveries reflect contracts made months earlier. The evolving situation highlights how global sanctions and shifting alliances are reshaping the world’s energy markets.