In July, India became the second-largest buyer of Russian crude oil, importing $2.8 billion worth, significantly increased from pre-Ukraine war levels. This shift occurred after Russian oil became available at discounted rates due to European sanctions. India now relies on Russia for almost 40% of its crude oil imports, with China being the largest importer.
Related Posts
Anna Sebastian Perayil’s death: EY Chairman Rajiv Memani says, ‘I truly regret…’
Anna Sebastian’s death: EY India Chairman Rajiv Memani has expressed regret for the company missing Anna Sebastian’s funeral, a staffer who reportedly died from work […]
Apple debuts iPhone 16 with AI features
Apple has launched its AI-boosted iPhone 16, equipped with the A18 chip and an aluminium back. This announcement comes as Huawei’s tri-fold phone garners over […]
Bajaj to buy out Allianz’s stakes in insurance joint ventures
- staff
- March 18, 2025
- 0
Bajaj group will take over Allianz’s 26% stakes in their insurance ventures for Rs 24,180 crore, making both insurers entirely Indian-owned. Bajaj Finserv’s stake will […]