India Boosts Russian Oil Imports to 1.7 Million Barrels Amid U.S. Pressure

News Flash 2025-12-22 00:16

India's state-owned refineries increased their imports of Russian oil to 1.7 million barrels in November 2025, marking a 3.4% rise from October. This move comes despite U.S. pressure to reduce reliance on Russian energy. In December, imports are expected to reach 1.2 million barrels. The transactions are conducted in rupees and rubles, contributing to de-dollarization efforts and saving India nearly $7 billion. U.S. officials claim that sanctions have effectively reduced Russian oil prices and Kremlin revenue. Meanwhile, traders are closely monitoring altcoins as global trade dynamics shift. The market's fear and greed index indicates mixed sentiment as investors adjust to these new trade patterns.

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This content is for informational purposes only and does not constitute investment advice.

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