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India's Crude Oil Imports From Russia Plunge on Payment Issues - Bloomberg

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India’s Crude Oil Imports From Russia Plunge on Payment Issues - Bloomberg

India’s Crude Oil Imports From Russia Plunge on Payment Issues

- India’s December oil imports from Russia lowest since January
- Despite challenges, Moscow remains India’s top crude supplier

India’s crude oil imports from its largest supplier Russia plunged in December to their lowest since January 2023, as six tankers carrying Sokol grade oil could not deliver due to payment issues amid tightening sanctions, according to data intelligence company Kpler.

After rising to an all time record of 2.15 million barrels a day in May, oil imports from Russia fluctuated downwards, experiencing a sharp decline between November and December to 1.48 million barrels a day last month, according to Kpler data.

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India’s Crude Oil Imports From Russia Plunge on Payment Issues

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