Russia is selling record amounts of crude oil to India to plug the gap in its energy exports after the EU ban

• Russia is selling record amounts of crude oil to India to plug its shortfalls from the EU oil ban, according to Vortexa.
• Indian imports hit a record 1.2 million barrels a day in December, and 1.3 million barrels a day in the first two weeks of January.
• "Russia has done well in enticing Indian refiners to increase purchases of its crude," Vortexa's head of Asia-Pacific analysis said.

Russia is selling record amounts of crude oil to India to plug the gap in its energy exports after the European Union banned imports in December, according to a recent report from Vortexa.

The energy analytics firm said Russia handed off 1.2 million barrels a day of its crude oil to India in December, notching a new record high.