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flag US sanctions on Russia led India to cut Russian oil imports by 14.5%, turning to US and other suppliers.

flag Due to US sanctions on Russia, India's crude oil imports from Russia dropped to a two-year low in February, falling 14.5% to 1.43 million barrels per day. flag This decline prompted Indian refiners to diversify their sources, increasing imports from smaller suppliers in Africa and Latin America. flag Meanwhile, US crude oil exports to India hit a two-year high of 357,000 barrels per day, as refiners sought alternatives to Russian oil. flag This shift could lead to increased energy trade between the US and India, with potential purchases reaching $25 billion.

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