India's Russian Oil Imports to Drop in December Amid Sanctions

India is going to buy much less Russian oil in December because of new rules from the US, EU, and UK.

These rules make it harder for India to buy oil from Russian companies like Rosneft and Lukoil.

Because of this, Indian companies are being very careful and are looking for other places to get their oil.

Some companies have already stopped buying Russian oil, while others are only buying from companies that aren't affected by the sanctions.

India is also buying more oil from the US, partly because the US has increased taxes on Indian goods.

This is all happening while the price of oil is going down because there's more oil available and people are worried about the economy.