Russian Federation’s oil exports to India has been reduced to 2-year minimum

Russian Federation oil companies experience the growth of delivery problems in India after alleviating penalties in the US, which fell Gazprom neft, Surgutneftegaz and more than 180 “Shadow” Fleet tanks. The Bloomberg reported that there was a reference to Kpler’s stats on tanker transportation.

In February, oil exports from Russia to the Indian market dropped to a minimum to more than two years. According to the results of the moon, oil workers sent 1.4 million barrels per day to India’s customers, 14% less than January, and about a third below the record volumes of the middle of the last day, when India bought more than 2 million barrels.

India replaced Russian barrels with belongings from Iraq and Saudi Arabia: the previously growing 1.5 times compared to August or 400 thousand barrels per day, while others – by 100 thousand for the same period. In addition, India’s refinery began to buy more oil in Nigeria, Angola, Mexico and Colombia.

After the start of the war with Ukraine, India became Russia’s second largest oil import after China, which increased purchases more than 100 times. However, Joe Biden’s administration penalties were struck by oil trade, which brings to Russia nearly $ 40 billion a year. Indian oil consumers refused to cooperate with tanks that fell under penalties, where money agreements were not held, even in Indian rupees, Reuters reports.

Remember that the United States of America imposed a huge -scale penalty against oil from Russia.

As reported, Türkiye has almost four times reduced oil imports from Russia after penalties in the US are tight.