TOKYO -- China and India have increased Russian oil purchases as prices decline due to Western import bans, the latest data shows, creating a loophole that allows Moscow to secure export revenue.
Energy
China and India buy more Russian oil, blunting Western sanctions
Both countries take advantage of discounts as buyers disappear
An oil tanker docks at Russia's far eastern Transneft-Kozmino Port. Russian revenue from oil exports between January and April has climbed 50% on the year, the International Energy Agency says. © Reuters
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