India Scoops Up Cheapest Russian Oil Since Start Of Ukraine War

India’s crude oil imports from Russia in June were the cheapest since the Russian invasion of Ukraine, during which time the world’s third-largest oil importer became a key Russian oil customer alongside China. The average cost of a barrel of Russian crude that landed at India’s ports in June was at $68.17, per data from India’s Ministry of Commerce and Industry cited by Bloomberg. The price exceeds the $60 price cap set by the G7, but the cap does not include shipping.    Most of India’s purchases of Russian…