Based on Bijiie, India's state-owned refineries imported 1.7 million barrels of Russian oil in November 2025, a 3.4% increase from October, followed by 1.2 million barrels in December. The purchases, made in local currencies like the rupee and ruble, support India's de-dollarization efforts, saving nearly $7 billion in foreign exchange. U.S. officials claim sanctions have driven down Russian oil prices and limited Kremlin revenue.
India Increases Russian Oil Imports to 1.7 Million Barrels, Bypassing U.S. Pressure
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Summary
India’s state-owned refineries imported 1.7 million barrels of Russian oil in November 2025, up 3.4% from October, with 1.2 million barrels in December. Payments in rupees and rubles support de-dollarization, saving nearly $7 billion. U.S. officials say sanctions have cut Russian oil prices and Kremlin revenue. Traders are watching altcoins to watch amid shifting trade dynamics. The fear and greed index shows mixed sentiment as markets adjust to new trade flows.
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