India & Russian oil: An explainer

After the Ukraine war, the global energy market witnessed a major shift, with India emerging as an important part of this changing equation.

- tejimandi by maithili rawat

Amid sanctions imposed by Western countries on Russia, India significantly increased its imports of Russian crude oil. According to recent reports, since the start of the war, India has imported oil worth nearly 144 billion euros from Russia. This figure not only reflects India’s energy strategy but also highlights global geopolitical dynamics, trade pressures, and growing investor concerns.What’s Happening?

According to a European think tank, from February 2022 onwards, Russia has earned nearly 1 trillion euros from global oil sales.

A report by CREA said, India has been the second-largest buyer of Russian oil after China.