Russian energy exports to India hit record 6.4 bln euros in October — agency

Business & Economy November 12, 15:21

In October 2026, India became the second-largest buyer of Russian fossil fuels

NEW DELHI, November 12. /TASS/. India’s imports of Russian energy resources reached 6.4 bln euros in October, their highest level since 2022, PTI news agency reported, citing an analysis of data from the Centre for Research on Energy and Clean Air (CREA), an independent research organization headquartered in Helsinki.

In October 2026, India became the second-largest buyer of Russian fossil fuels, importing Russian hydrocarbons worth a total of 6.4 bln euros, the highest monthly figure since January 2022. Crude oil accounted for 91% of India’s purchases (5.8 bln euros). The remainder of imports from Russia consisted of coal (333 mln euros) and petroleum products (232 mln euros), the agency quoted data from the CREA report as saying.

According to the report, India’s imports of Russian crude oil increased by 10% in October 2026 compared with the previous month.

India is the world’s third-largest oil importer and consumer. The country meets more than 88% of its oil needs through imports.

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