Modi-Putin Russian oil bonhomie helps India save more money in a year. Here’s how

Though western allies boycotted Russian oil since the beginning of the war in Ukraine, aiming to cut down Moscow’s state revenues, India chose to gain from buying discounted Russian oil. So how much did India save in a year by buying Russian fuel? A report by Quartz states India saved an estimated $3.6 billion by ramping up Russian oil imports in less than a year. The report states the amount could possibly be higher. Responding to pressure from the West, India has time and again defended its oil purchases from Russia saying it has to source oil from where it is cheapest. Watch this video for details. #russia #ukraine #ukrainewar #russiaukraine #russiaukrainelatest #russianarmy #russiaukrainecrisis #russianoil #indiarussiarelation Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.