Key Highlights
- India's Russian hydrocarbon imports dropped from €3.3 billion in November to €2.3 billion in December.
- Reliance Industries and state-owned refiners significantly reduced crude oil purchases.
- Turkey became the second-largest importer, buying €2.6 billion worth of Russian hydrocarbons.
- China remains the largest buyer, accounting for 48% of Russia's export revenues at approximately €6 billion.
- Crude oil comprised 78% of India's Russian imports, valued at €1.8 billion.
