Attracted by cheap prices, India and China continue to increase their imports of Russian crude, which is now mostly banned in the West. India, which wasn’t a big buyer of Russian oil until March this year, has now imported five times the amount of all the Russian crude it bought in the whole of 2021, according to estimates from commodity data firm Kpler cited by The Associated Press. So far this year, India has imported 60 million barrels of crude from Russia, compared to 12 million in Russian oil imports for the entire 2021, per Kpler data.…
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