India imported $2.8 billion worth of crude oil from Russia in July
Thursday, 15 August 2024 In July, India became the second-largest buyer of Russian crude oil, importing $2.8 billion worth, significantly increased from pre-Ukraine war levels. This shift occurred after Russian oil became available at discounted rates due to European sanctions. India now relies on Russia for almost 40% of its crude oil imports, with China being the largest importer.
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India has overtaken China to become the largest importer of Russian oil, marking a significant shift in global energy dynamics. In July, Russian crude made up 44% of Indiaβs total oil imports,..
India's trade deficit grew to $23.5 billion in July as exports declined 1.4% to $34 billion, mainly due to a drop in petrol, diesel, and gems exports. Imports... IndiaTimes