New Delhi, Nov 16: India, the second-biggest buyer of Russian oil, spent as much as 2.5 billion euro on purchases of crude oil from Moscow in October, ahead of new sanctions being slapped on Russian entities, a European think tank has said.
India’s spending in October was unchanged from the 2.5 billion euro spent on buying Russian oil in September.
“India remained the second-largest buyer of Russian fossil fuels, importing a total of EUR 3.1 billion. Crude oil dominated India’s purchases at 81 per cent (EUR 2.5 billion), followed by coal at 11 per cent (EUR 351 million) and oil products at 7 per cent (EUR 222 million),” CREA said in its monthly tracking report. (PTI)
