Supplies have surged fourteenfold over the past year, according to the Reserve Bank of India Exports of Russian oil to India grew fourteenfold in the 2022-2023 fiscal year compared to the same period last year, the Reserve Bank of India (RBI) said in its annual report released on Wednesday. According to the Indian regulator, supplies surged from $2.2 billion in 2021 to $31.02 billion during the most recent fiscal year, which ended on March 31. The share of Russian hydrocarbons imported by the South Asian country increased from 2% to 19.1%, the report said. Supplies from Russia reached 50.84 million tons of cru
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