It’s been able to do so in part thanks to record oil and gas revenues, as it has filled a supply gap during the energy crisis triggered by Russia’s 2022 invasion of Ukraine. In 2022 alone, hydrocarbon sales generated roughly $150 billion for its national coffers,

India will continue buying oil from "wherever they get the best deal," Delhi's ambassador to Russia, Vinay Kumar, told Russian state-owned news.

India's purchase of Russian oil has become a sore spot in its previously friendly relations with the US.

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