HomeEconomyIndia becomes top buyer...

India becomes top buyer of Russian oil – Reuters

After the introduction of Western sanctions, Asian countries filled the niche left by European buyers, the agency wrote.

India has been a leading buyer of Russian Urals oil for several months now. Reuters reported this on February 7.

function news4533336() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4533336&lang=2&IsAjax=true’, function (data) { $(‘#nk4533336’).html(data); });
}

news4533336();

It was noted that the country filled the niche left by European buyers after the introduction of anti-Russian sanctions. About 70% of the Urals shipped in January were shipped to India.

At the same time, Moscow became New Delhi’s largest supplier of oil, replacing Iraq.

As the CEO said Rosneft Igor Sechin, speaking at an energy conference in India, today the price of Russian oil will be set outside Europe.

“If Russian oil does not go to the European market, then there will be no reference price. Reference prices will be formed where the amount of oil actually goes,” he stressed.

As the agency pointed out, amid the tightening of sanctions, the average price for Russian Urals oil in January was $49.48 per barrel, which is 42% lower than in January 2022.

It will be recalled that on December 5, 2022, a ban on the import of oil from the Russian Federation by sea was implemented.

In addition, more than 30 countries around the world have set a price ceiling for oil from Russia at $60 per barrel.

In Russia, oil and gas revenues fell 46%

news Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

5 interesting facts about ‘Aladdin’ that you might not have known

See some curious facts about 'Aladdin', Disney's classic animation released in 1992In 1992, Disney released the animation “Aladdin”, a feature film that follows the story of a poor commoner who falls in love with the princess of Agrabbah, and has the help of a 10,000-year-old genie who...

The occupiers tried to escape from the FPV drones, but the skill of the Azov pilots left them no chance (VIDEO)

Operators of FPV drones of the 12th Azov Brigade of the National Guard of Ukraine destroyed a group of enemy infantrymen near the village of Terny. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . The...

Sociologists named the most popular source of information about the war for Ukrainians

The most popular source of information about the war for Ukrainians is Telegram - it was chosen by 53% of citizens. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . These results of a social study...

The Speaker of the House of Representatives called it critically important to provide Ukraine with lethal weapons

Speaker of the US House of Representatives Mike Johnson considers it critically important to provide Ukraine with lethal weapons. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . Johnson said he trusts intelligence reports that "Xi,...