Due to the economic sanctions imposed by the United States and Europe on Russia, Russia reduced the price of oil. India took advantage of this opportunity and began to import most of its oil from Russia. This November, India’s oil imports from Russia I have increased.
The figures show that oil imports increased by 5-9 percent this month compared to the previous month.
According to Kpler’s crude analyst Viktor Katona “India has been roaring back to strength ever since its autumn refinery maintenance period was completed by early November, so now almost every refiner is ramping up runs to satiate growing domestic demand,”
In addition to this, Indian third parties are buying this oil and selling it to other countries at high prices. This has brought a lot of foreign exchange to the country. America has warned India many times about this
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