New Delhi, Feb. 18 -- India's merchandise imports from Russia in January fell 40.48% to $2.86 billion compared to $4.81 billion in January 2025, according to latest data released on Monday, with the reduction largely on account of Indian refiners drastically cutting Russian crude purchases . Petroleum crude usually constitutes about 80% of India's total merchandise imports from Russia, it is estimated that actual imports of Russian crude oil in the month were around $2.3 billion, perhaps less, people aware of the matter said, requesting anonymity. While the government on Monday released trade data for January 2026, it is yet to release data by product lines and countries. Other than crude, India imports coal, coke, certain petroleum product...