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India’s Imports of Russian Oil Surge by 570% – Nikkei

Russia is now India’s second largest supplier of crude oil, up from 10th place in 2021, Nikkei said.

China, India and Turkey have taken the biggest increases is Russian Oil since sanctions were imposed on Moscow for its invasion of Ukraine, Nikkei says.
Models of oil barrels, pump jack and displayed Ukrainian and Russian flag colors in this illustration. Image by Dado Ruvic, Reuters, Feb 24, 2022.


India’s imports of Russian oil increased by 5.7 times in the July-August period compared with February and March, Nikkei Asia reported.

China’s imports of Russian oil climbed by 16% in the same period, said the report, which referred to data from the Centre for Research on Energy and Clean Air. Russia is now India’s second largest supplier of crude oil, it said, up from 10th place in 2021.

Read the full report: Nikkei Asia.



Read more:

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China Oil Refiners Prepare to Raise Output As Demand Lifts

Global Oil Prices Fall Amid China’s Covid Lockdowns




Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.


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