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India Has Imported $168 Billion in Russian Oil Since Start of Ukraine War
Market Intelligence Analysis
AI-Powered
Why This Matters
India has imported $168 billion worth of Russian oil since the start of the Ukraine war, making it the second-largest buyer behind China, with significant revenue for Russia.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India has imported $168 billion worth of Russian crude oil since Putin invaded Ukraine in February 2022, according to data from Finland-based Centre for Research on Energy and Clean Air (CREA). India’s oil imports from Russia since the war in Ukraine began have reached 144 billion euros, or $168 billion, per CREA’s estimates reported by Indian media outlets. India has been the second-biggest buyer of Russian oil behind China. Russia, for its part, has continued to receive massive revenues from the energy it sells to China,…
Original article published by
OilPrice.com
on January 7, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.