India’s Russian crude imports rise to €2.9 bn in Aug, close to China’s €3.1 bn
New Delhi: India imported €2.9 billion of crude oil from Russia in August, nearly matching China’s €3.1 billion, according to the Helsinki-based Centre for Research on Energy and Clean Air. India’s crude imports increased from €2.7 billion in July, while China’s fell from €4.1 billion.
The US has been pressuring India to cut Russian oil purchases, arguing that they help finance Moscow’s war in Ukraine. Washington imposed a 25% additional tariff on a slew of Indian exports to the US from August 27 as a penalty for buying Russian oil, while taking no such measures against other buyers.
