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The Economic Times

Economy / The Economic Times

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India's spend on Russian oil falls to 2 billion, half of China's 4 billion in Jan

China's January spending on Russian crude doubled to 4 billion, a significant increase from previous months, while India's spending fell to 2 billion. This shift highlights Chinese refiners absorbing Russian cargoes as Indian buyers reduce their imports amid US pressure.

19 Feb 2026 11:37 pm