India Is Starting to Reach the Limits of Its Russian Oil Splurge
- Weekend mutiny intensifies financial pressure on Kremlin
- Russia accounted for near half of India’s May crude imports
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From an island fort outside the heart of historic Mumbai, visitors can spot giant oil tankers unloading their cargoes to two refineries on the city’s southeastern coast.
Up until a year ago, those ships would almost certainly have been hauling crude from one of a dozen mainstay suppliers — the Middle East, the US and West Africa. Today, the oil is more likely to be Russian.