The decrease in global oil prices is helping India increase its imports from Russia. With the price of Russian oil below $60 per barrel, buyers can utilize Western services like insurance and shipping, according to Reuters. India, the world’s third-largest oil importer and consumer, has become the largest buyer of Russian seaborne oil, which the West started avoiding due to Russia’s invasion of Ukraine last year. Last month, the United States imposed sanctions on maritime companies and vessels transporting Russian oil being sold above the price set by the G7 countries, exceeding $60. Sanctions…