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Explainer: Why Russia remains India's top oil supplier for 2nd month in a row

Oil India Russia S Jaishankar Ukraine New Delhi Asia Moscow Reliance

NEW DELHI: India has become one of the main outlets for Russian seaborne crude oil ever since its invasion of Ukraine in February.

On Wednesday, a report by Reuters said that Russia has emerged as the top oil supplier for India for second month in a row. It has replaced Iraq to be India's No. 1 supplier in November as refiners snapped up oil fearing a price cap could hit supplies and choke payment avenues.

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