India's refiners are stepping in to help Russian oil exporters, with deliveries of Russian crude oil to India so far this month remaining near June’s record. This surge in purchases comes as Russia seeks new buyers following Western sanctions.

Indian refiners, including those run by Indian Oil Corporation and Reliance Industries, have significantly increased their intake of Russian oil. This demand is driven by attractive discounts offered by Moscow. The shift in trade flows highlights India's growing role as a major destination for Russian energy.

The trend is expected to continue as India aims to secure its energy needs at competitive prices, while Russia finds a crucial market amidst geopolitical shifts. This has provided a significant boost to Russia's oil export revenues.