The Headlines – Over 20% of Russia’s war-period crude exports! India bought about Rs 13.39 lakh crore in Russian oil; trails China’s Rs 193 billion

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The Headlines – Over 20% of Russia’s war-period crude exports! India bought about Rs 13.39 lakh crore in Russian oil; trails China’s Rs 193 billion

Since early 2022, India’s Russian oil purchases have reached ₹132 billion, constituting 20% of Russia’s oil export earnings. While China leads in overall fossil fuel imports from Russia, India’s oil imports surpassed those of the EU and Turkiye. The US has criticized India’s Russian oil trade, imposing tariffs, which India contests, vowing to continue procurement.

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