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crude oil importsIndia Shipping News
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79% Informative
India now sources 40% of its crude oil imports from Russia , with year-to-date volumes averaging 1.6 million barrels per day.
This marks a staggering 1000% increase compared to 2021 , prior to Russia ’s invasion of Ukraine .
Indian buyers began ramping up their Russian oil imports in 2022 following sanctions by the EU and US .
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