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Russian Crude Plummets to $40 Amid Sanctions and India Imports

12/20/2025

27 4 Full Breakdown

Summary

Story summary

Russian crude trades just over $40 per barrel, the lowest since the 2022 invasion.
Prices have fallen 28% in three months due to sanctions on Rosneft and Lukoil.
India plans to import about 800,000 barrels daily in December, affecting sales.
Global oil prices have dipped below $60, adding pressure on Russian exports.

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Story summary

Russian crude trades just over $40 per barrel, the lowest since the 2022 invasion.
Prices have fallen 28% in three months due to sanctions on Rosneft and Lukoil.
India plans to import about 800,000 barrels daily in December, affecting sales.
Global oil prices have dipped below $60, adding pressure on Russian exports.