India imported more crude oil from Russia in May than in last 10 months.
In May alone, an average of 1.96 million barrels of crude oil was procured from Russia per day.
As Russia waged war against Ukraine, European countries imposed economic sanctions on the country.
As a result, Russia is supplying crude oil to India at concessional rates. As a result, India’s crude oil purchases from Saudi Arabia fell by 11.4 percent.
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