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India Has Imported $168 Billion in Russian Oil Since Start of Ukraine War
Market Intelligence Analysis
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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 Context
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,…
AI Breakdown
Summary
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 Context
Market impact analysis based on bearish sentiment with 80% confidence.
Time Horizon
Short Term
Original article published by
OilPrice.com
on January 7, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.