India's Russian Oil Imports Hit Record High in July

In July, India's imports of Russian crude oil reached their highest level since 2022, with Russian crude accounting for a record 55% of the country's oil imports. Meanwhile, Azerbaijan exported 320,500 tons of oil to India in the first half of the year, and Georgia's Kulevi refinery began replacing Russian crude with Kazakh and Libyan oil. The shift comes as India continues to rely heavily on discounted Russian supplies despite international sanctions.