With the wind-down period prescribed by the US for dealings with Russian oil majors Rosneft and Lukoil set to end Friday, deliveries of Russian oil at Indian ports shot up to a five-month high in the November 1-20 period, shows an analysis of provisional tanker data. At the same time, the data shows, Russian oil loadings for Indian ports plummeted by 50 per cent from October levels.

The US had announced sanctions on Rosneft and Lukoil on October 22, and gave a deadline of November 21 for all dealings with the two companies to be wound down. These sanctions by the Trump administration are being seen as a significant escalation in its bid to force Moscow to end the war in Ukraine.

Russian oil discharged at Indian ports in the first 20 days of November averaged 1.89 million barrels per day

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