🚨 BRICS Boost Oil Trade Despite U.S. Pressure 🌍🛢️🇮🇳🇷🇺🇺🇸
BRICS energy ties strengthened as India 🇮🇳 imported 1.7 million barrels of Russian oil 🇷🇺 in November, up 3.4% from October, with another 1.2 million barrels shipped in December, despite U.S. sanctions pressure 🇺🇸. Indian refiners including Indian Oil, Bharat Petroleum, and Hindustan Petroleum continue sourcing discounted Russian crude, attracted by cost savings and flexible terms.
Oil settlements are increasingly conducted in local currencies such as the rupee, ruble, and yuan 🇨🇳, accelerating de-dollarization trends. While Washington maintains sanctions are effective, BRICS nations view them as an opportunity—saving billions in foreign exchange and reinforcing economic cooperation outside the U.S. dollar system.