India’s Russian oil imports hit 11-month low in Dec as Sokol cargoes dry up


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India’s Russian oil imports declined to an 11-month low in December as the country was unable to take delivery of any cargo of the Sokol grade crude, even as the import volumes of the Urals crude—the mainstay of India’s oil imports from Russia—remained robust in the last month of 2023, shows an analysis of latest shipping data provided by commodity market analytics firm Kpler. India’s import of the Sokol crude, which is produced in Russia’s Far East region, ran into problems related to Western sanctions and payments over the past month or so, The Indian Express has learnt. As a...