New Delhi, Nov. 16 -- India has purchased crude oil worth $2.9 billion from Moscow in October, ahead of the latest sanctions imposed on Russian entities, according to a European think tank.
India continues to be the second-largest buyer of Russian fossil fuels in October, after China, the report said, citing the Centre for Research on Energy and Clean Air (CREA).
India's Russian oil purchases are in focus as the US imposed sanctions last month on Rosneft and Lukoil, two of Russia's largest oil producers, with the aim of cutting Kremlin's resources to fund the Ukraine war. Additionally, US President Donald Trump's repeated claims that India has cut down its oil purchases from Russia following tariffs imposed by the US.
These sanctions h...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.