India aggressively ramped up its purchases of Russian oil in recent weeks, while China is still honouring existing oil contracts it has with Russia.
Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and Chinese leader Xi Jinping pose for a group photo at the G20 Summit in Osaka, Japan, on June 28, 2019..The West has clamped down on Russian energy, but a new coalition in the East has bolstered Russia's finances.
The past few weeks have seen the US, UK, and European Union strike at Russia's energy industry with varying bans on Russian coal, crude oil, and natural gas. The moves,, would force the Kremlin"to choose between propping up its economy and funding the continuation of Putin's brutal war." India aggressively ramped up its purchases of Russian oil in recent weeks, attracted by the highly discounted price compared to soaring rates for other kinds of crude. India's government has ordered at least 13 million barrels since the war broke out in late February, according to
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