Russian Crude Exports Remain Above Pre-Ukraine Levels Amid Shifting Indian Oil Imports

Despite Western sanctions following Russia's 2022 invasion of Ukraine, Russian crude oil exports remain about 6% above pre-invasion levels, with China, India, and Turkey receiving 93% of shipments. While Russia's export volumes have slightly declined recently, India has increased crude imports from West Asia, notably Saudi Arabia, which has become its top supplier. Analysts project India's Russian oil imports to decrease moderately in the coming months amid shifting geopolitical and market dynamics.