Russia And India Boost Energy Ties

The top executives at the largest Russian energy firms are attending the India Energy Week summit this week, signaling that Russia and India are bolstering their energy ties now that India is a top customer of Russian oil. Before the invasion of Ukraine, India was a small marginal buyer of Russian crude oil. After Western buyers started shunning crude from Russia, India became a top destination for Russian oil exports alongside China. Russia is now the single-biggest oil supplier to India, having overtaken Iraq in November.   India’s…