India is starting to reach the limits of its Russian oil splurge

Thursday, 29 June 2023
India's oil imports from Russia have skyrocketed in recent years, accounting for 46% of India's oil imports in May. This shift has helped prop up the Russian economy and provided India with cheaper fuel. However, there are concerns about the sustainability of this trend, as discounts narrow for India and the Kremlin faces increasing financial pressure.

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India is starting to reach the limits of its Russian oil splurge

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