India's oil imports in June reached 5 million barrels per day. Of these, 2.6 million barrels came from Russia, equivalent to 54% of the country's total oil purchases and a historic record for Russian-Indian trade

Supplies from Russia, which fell to about 1.1 million barrels per day in February under pressure from US sanctions, have more than doubled in four months and become a key element of India's energy security strategy, writes OilPrice

Russia supplies oil to India at a discount (~$7 per barrel to Brent benchmark as of early July), and will now purchase fuel for the domestic market

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