Imports from Russia up 67% in Apr-Sep on higher shipments of oil: Govt data

India’s imports from Russia rose by about 67 per cent to $ 30.42 billion during the April-September period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data.

With this, Russia has become India’s second-largest import source during the first half of this fiscal.

The imports were $ 18.24 billion during April-September 2022.

From a market share of less than 1 per cent in India’s import basket before the start of the Russia-Ukraine conflict, Russia’s share of India’s oil imports rose to over 40 per cent.