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Western nations, including the EU, US, and Bulgaria, have continued to purchase $2 billion worth of Russian oil products in 2024 despite sanctions, according to a new analysis. The oil is being routed through countries such as Turkiye and India, exploiting a loophole that allows these transactions to occur. Russian insurance is bolstering oil exports to India, which remains a top buyer. Indian Oil Minister Hardeep Singh Puri stated that India will continue buying affordable Russian oil as long as it is not under sanctions. Despite these transactions, the overall value of Russia's oil exports has dropped by nearly 30% since the end of June due to falling crude prices.