For three years, India's been quietly stacking discounted Russian crude—slashing import costs while Moscow bankrolled its military ops. That cozy deal? Looking dead now. Fresh U.S. sanctions are torching the arrangement, forcing New Delhi to scramble for alternative suppliers. The ripple effects could hit everything from inflation metrics to commodity-linked assets. When energy flows get rerouted this fast, expect volatility across global markets—including risk assets and digital currencies that thrive on liquidity and geopolitical uncertainty.