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India witnessed a notable surge in its crude oil imports from Russia which reached a five-month high in November as domestic refiners accelerated their purchases to secure supplies before stringent United States sanctions took effect. Data monitoring energy shipments reveals that the country received an average of nearly two million barrels per day during the month significantly outpacing volumes seen earlier in the year. This aggressive buying strategy was largely driven by the need to stockpile discounted Russian crude ahead of the November deadline imposed by Washington which targeted major Russian energy entities with new financial restrictions. Both private refiners like Nayara Energy and state-owned oil companies participated in this procurement drive to safeguard their inventories against potential disruptions. Although this influx highlights India's continued reliance on Russian energy sources despite diplomatic pressure analysts anticipate a potential decline in future volumes as the full impact of the sanctions influences logistical and payment mechanisms.
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