India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydrocarbons worth 5.8 billion euros. Crude oil formed the bulk of these imports, with refiners significantly increasing their purchases from Russia. This trend highlights India's strategic energy sourcing amidst global shifts.

Indian refiners have secured crude and LPG supply through at least August, boosting purchases from the UAE, West Africa, Brazil, and Venezuela amid the Middle East crisis.

India ramped up Russian oil imports from 4% to over 40% at US request, spending $168 billion. Now crypto is facilitating the deals amid sanctions.

India's edible oil imports saw a significant rise in May, reaching nearly 13.39 lakh tonnes. This increase was primarily fueled by higher shipments of crude soyabean oil.…