India's Russian Crude Oil Imports Surpass $43 Billion, Says Report
India's total payments for Russian crude oil have exceeded $43 billion since the conflict in Ukraine began, according to a report by the Economic Times. The data, covering the period from February 2022 to July 2024, highlights a massive redirection of energy trade flows. This surge in imports has made Russia India's top oil supplier, replacing traditional Middle Eastern sources. The shift is primarily driven by discounted prices offered for Russian crude following international sanctions.
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