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India Spent $5.14 Billion on Russian Oil in June Amid Western Pressure

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India purchased $5.14 billion worth of Russian oil in June, continuing its trend of diversifying crude imports despite international pressure to reduce reliance on Moscow. Indian refiners ramped up purchases not only from Russia but also from Latin American suppliers during this period. Simultaneously, India's oil imports from the Middle East saw a significant decline. The shift reflects India's strategy of seeking cost-effective crude sources to meet its growing energy demands. New Delhi has consistently maintained that its energy procurement decisions are guided by national interest and economic considerations.

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India Spent $5.14 Billion on Russian Oil in June Amid Western Pressure · ShortSingh