Amid skyrocketing inflation, India has increased its imports of Russian crude oil as other countries are attempting to fix the price to restrict Russia’s oil revenues. “In a situation where global prices were going beyond anyone’s affordability, at that stage to take a very strong political decision, I respect the Prime Minister for his courage on this to get it from Russia because they are ready to give it to you at discount. And how speedily did we manage to do it,” India’s Finance Minister Nirmala Sitharaman said on Thursday, according to Indian media reports. India has increased its Russian oil imports, Sitharaman said—up from 2 percent of its total oil imports before Russia’s invasion of Ukraine to 12-15 percent. India’s ratcheted-up intake of otherwise shunned Russian crude oil has placed India in the crosshairs of Western leaders who are cooking up a plan to restrict Russia’s revenues that […]