India boosted imports of non-Russian crude supply in February amid concerns and uncertainties over Russian oil following the U.S. sanctions from early January. Since the Russian invasion of Ukraine and the bans on Russian oil in the West, India has become a key buyer of Russian crude, alongside China. Russia, for its part, became the single biggest oil supplier to India, the world’s third-largest oil importer. Indian refiners earlier this year scrambled for alternatives after the U.S. sanctions designated hundreds of tankers, as well as oil…
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