India’s fuel exports to Russia surge to 70% even as crude imports fall 24%

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India has emerged as Russia’s biggest supplier of oil products at a time when Ukrainian drone strikes have disrupted parts of Russia’s energy infrastructure. At the same time, India’s imports of Russian crude oil fell sharply in August after hitting record levels in the previous two months. India supplied around 70% of Russia’s oil-product imports in August, according to a report by the Centre for Research on Energy and Clean Air (CREA). It exported around 120,000 tonnes of petrol worth 78 million euros during the month. INDIA REMAINS A MAJOR BUYER OF RUSSIAN ENERGY While India increased its role as…

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