India Now Buying 33 Times More Russian Oil Than a Year Earlier
- Nation took 1.2 million barrels a day from Moscow last month
- Sanctions from G-7 and EU possibly led to deeper discounts
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India bought a record amount of Russian oil last month, with the country importing a whopping 33 times more than a year earlier.
The world’s third-biggest crude importer purchased an average of 1.2 million barrels a day from Russia in December, according to data from Vortexa Ltd. That’s 29% more than in November.