00:00India isn't backing down from Russian oil, even with sanctions piling up.
00:04In fact, this December, India is set to import over 1 million barrels per day of Russian crude.
00:10That's right. Despite Western pressure, Indian refiners are back in action.
00:15Why? One word. Discounts.
00:18Some Russian sellers are offering oil at up to $6 cheaper per barrel than global rates.
00:23And India, the world's third largest oil importer, is seizing the moment.
00:27Imports had dipped when U.S. sanctions hit top Russian producers in November.
00:32But now, non-sanctioned entities are stepping in, helping India keep the oil flowing.
00:37Even state-owned giants like Indian Oil and Barrett Petroleum are back to pre-sanctioned buying levels.
00:43And private firms like Nayara Energy, part-owned by Rosneft, never stopped.
00:47However, not everyone's on board.
00:50Reliance and other private refiners are pulling back in January.
00:53Still, experts say imports could stay strong, at least for now.
00:57For India, it's about balancing diplomacy with energy security.
01:01And right now, cheap Russian oil is too good to pass up.
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