this post was submitted on 23 Jun 2026
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India pivots to Russian crude and coal to mitigate Iran war fallout (www.reuters.com)
submitted 3 days ago by schizoidman@lemmy.zip to c/world@quokk.au
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cross-posted from : https://lemmy.zip/post/66641634

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[โ€“] Zedstrian@sopuli.xyz 9 points 3 days ago

India has been funding the Russian war machine with its oil purchases for months already.

[โ€“] Hotznplotzn 3 points 3 days ago

Pivot?

India has been the second-largest buyer of Russian crude behind China since the Kremlin decided to invade Ukraine.

Before the war in 2021, Indian imports of Russian crude were around USD 1-2 billion annually, according to Comtrade, Now it's above 50 billion.