India's Russian Crude Imports Soar Post-Sanctions, Refined Fuel Exported to West

• India's Russian crude oil imports rose 4% in November to a five-month high of Euro 2.6 billion, despite recent US sanctions.
• India remained the second-largest buyer of Russian fossil fuels in November, behind China.
• Refined fuels produced from Russian crude in India were exported to countries like Australia, the EU, and the US.
• State-owned refineries in India increased their Russian crude volumes by 22% month-on-month in November.
• Exports of refined oil products from India to Australia, partially made from Russian crude, increased by 69% in November.

Why It Matters: India's Russian oil trade circumvents sanctions, affecting global energy dynamics.