India has slipped to third place in Russian fossil fuel imports for December 2025, with Reliance Industries and state refiners significantly cutting crude oil purchases. Turkiye now ranks second, while China remains the top buyer. This shift follows new US sanctions on Russian oil producers, impacting India’s previously high reliance on discounted Russian crude.
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RBI policies may have contributed to economic slowdown: Finance ministry
The finance ministry’s report indicates that the combination of RBI’s monetary policy and structural factors may have led to the economic slowdown. The ministry highlighted […]