Purchases of sanctions-hit crude in December saw a nearly 30% surge month-on-month India’s purchases of Russian crude oil increased year-over-year by a factor of 33, marking an all-time high in December, Bloomberg reported on Monday, citing data from Vortexa. The world’s third-biggest importer of crude bought an average of 1.2 million barrels per day from Russia last month, 29% more than in November, according to the data. Russia has reportedly become India’s biggest fuel supplier, having outpaced Iraq and Saudi Arabia several months ago. Indian refiners have increasingly favored imports of Russian oil at steep di
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