India Has Imported $168 Billion in Russian Oil Since Start of Ukraine War
Affected assets and topics
Why it 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.
Article tone
Expected market reaction
Market impact analysis based on bearish sentiment with 80% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 29591
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,…
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Original article published by OilPrice.com on January 7, 2026. Analysis and insights provided by AnalystMarkets AI.