India’s Russian oil imports touch 11-month high in June amid concerns over US Bill for high tariffs on Russia’s trading partners

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India’s Russian oil imports rose to an 11-month high in June, further cementing Moscow’s continued dominance in New Delhi’s oil import basket. According to tanker data, Russian crude accounted for a massive 43.2 per cent of India’s total oil imports in June, outweighing the next three suppliers — West Asian majors Iraq, Saudi Arabia, and the United Arab Emirates — put together. This comes at a time when concerns have surfaced in India over a controversial bill in the US that proposes 500 per cent tariffs on countries that continue to trade with Russia. India and China are the top...