From an island fort outside the heart of historic Mumbai, visitors can spot giant oil tankers unloading their cargoes to two refineries on the city’s southeastern coast.
Up until a year ago, those ships would almost certainly have been hauling crude from one of a dozen mainstay suppliers — the Middle East, the US and West Africa. Today, the oil is more likely to be Russian.
Moscow accounted for 46% of India’s oil imports last month, according to data from analytics firm Kpler, a staggering leap from less than 2% before the invasion of Ukraine.
