Russian Crude Helps Shield India from Oil Price Volatility

Andrey Rudenko believes that India was cushioned from an oil shock due to Russia's crude supplies. The country has been importing a significant amount of crude oil from Russia, which has helped to stabilize its energy needs.

Rudenko notes that this is particularly relevant given the current global situation, where many countries are struggling with high fuel prices and supply chain disruptions.

India's dependence on Russian crude has become increasingly important in recent years, as it seeks to reduce its reliance on other suppliers. This strategy has allowed the country to maintain a stable energy supply and avoid some of the price volatility that has affected other nations.