India's Russian Oil Imports Fuel Moscow's Trillion-Euro War Chest Post-Ukraine Invasion

• India imported €144 billion worth of Russian crude oil since the Ukraine war began in February 2022, making it the second-largest buyer after China.
• Russia has earned an estimated €1 trillion from global fossil fuel sales since the full-scale invasion of Ukraine, according to CREA.
• China purchased €210.3 billion in Russian oil, along with significant coal and gas, totaling €293.7 billion in fossil fuels.
• Despite G7 and EU sanctions, many countries including India, China, and Turkey do not support unilateral restrictions, allowing trade to continue.
• India's share of Russian oil imports has recently dropped to under 25% due to new US sanctions, with major refiners like Reliance halting purchases.

Why It Matters: India's substantial Russian oil imports significantly contributed to Moscow's massive war-era fossil fuel earnings.