Sanctions Against Russia: Refinery Shutdowns, Risks to Oil Exports, and India’s Changing Priorities

Refineries in the Russian Federation are facing increasing difficulties due to Western sanctions. According to the Russian Ministry of Energy, the country is experiencing delays in conducting repairs at refineries due to challenges in procuring necessary equipment. This leads to downtime and disruptions in production plans.

This is reported by AgroReview

India Prepares for Alternative Oil Supplies

India’s Minister of Oil, Hardeep Singh Puri, stated that his country is ready to meet its own oil demand even in the event of new sanctions against Russian energy resources. According to the minister, India has already diversified its sources of imports and expanded its list of suppliers from 27 to 40 countries.

“India has diversified its supply sources, and we have increased the number of supplier countries from about 27 to 40,” he said.

Despite this, in the first half of 2025, Russia remained the main supplier of crude oil to India, providing about 35% of all imports of this raw material.

Loss of Revenue for Russia and New Sanctions Against Russian Oil

Vladislav Vasyuk, the President of Ukraine’s representative for sanctions policy, predicts that by the end of 2025, Russia could lose between 15 to 30 billion dollars in oil revenues. This is a result of the cap on the price of Russian oil being lowered from 60 to 47.6 dollars per barrel. At the same time, most vessels of the so-called “shadow fleet” are already subject to international sanctions, and legal carriers are likely to refuse to transport Russian oil.

Following the European Union’s introduction of the 18th sanctions package, the Bahamas has already banned Russian tankers from sailing under their flag, further complicating the logistics of energy supplies from Russia to global markets.