India's imports of Russian crude oil reached a record high in June, rising 34 per cent from May to EUR 4.5 billion, according to CREA. Despite higher export volumes, Russia's oil revenues declined due to lower global crude prices, the report said
India spent €2.5 billion on Russian crude in October, remaining the second-largest buyer despite new US sanctions on Rosneft and Lukoil. Russian oil imports rose 11%, with state refineries increasing intake as discounts narrowed and Western buyers further reduced purchases
