New Delhi: The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday.
Addressing an event organised by the Indian Council for Research on International Economic Relations (ICRIER), Sitharaman said credit must be given to Prime Minister Narendra Modi's statesmanship to take the decision of boosting imports of Russian oil at discounts as it helped in reducing the import bills.
