The surge was triggered by increased purchases of discounted crude oil India’s imports from sanctions-hit Russia have leapt by 400% so far this fiscal year, the Nikkei Asia news website reported on Friday, citing the latest data from the Indian Commerce Ministry. The growth is attributed to large-scale purchases of discounted crude oil from Russia amid Western sanctions, which recently targeted the country’s exports of seaborne oil and petroleum products, including fuel and gasoline. Russia was reportedly ranked India’s fourth biggest “merchandise import source nation” in the first 10 months of the current fiscal
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