India Buys €144 Billion Russian Oil Post-Ukraine War, Report Reveals Global Shift

• India imported €144 billion worth of crude oil from Russia since Feb 2022, becoming the second-largest buyer after China.
• CERA report reveals Russia earned €1 trillion from global oil sales, funding its war efforts, raising Western concerns.
• China led with €293.7 billion in Russian fuel purchases; India followed with €162.5 billion, mostly oil.
• EU also bought €218.1 billion in Russian fuel despite strong statements, though imports declined post-sanctions.
• India capitalized on discounted rates, increasing Russian oil share from 1% to nearly 40% of its total imports.
• New US sanctions on Rosneft and Lukoil in Nov 2025 reduced Russia's share in India's imports to below 25%.

Why It Matters: India's massive Russian oil imports post-Ukraine war reshaped global energy markets amid sanctions.