Xinhua News Agency, May 11, India's crude oil imports from Russia increased several times last year, according to data provided by India's Bank of Baruda. Russian crude oil accounted for 2 per cent of India's annual crude oil imports in 2021; that figure has now risen to 20 per cent, according to data provided by Baruda bank. According to data provided by the Bank of Baruda, India can "save" about $89 for every ton of crude oil imported from Russia in the last fiscal year from April 1 last year to March 31 this year, given that India imports crude oil from Russia at a discounted price. As India continues to import crude oil from Russia, it has saved about $5 billion.