Oil supplies from Russia to India increased by 31 times

June 19, 2022 by No Comments

In the period from May 27 to June 15, India increased its purchases of Russian oil by 31 times compared to the same period last year, and coal by eight times. Reuters writes about this, citing unpublished data from the Indian government.

According to the agency, over the specified period of time, India bought coal from Russia in the amount of about $331.17 million, gas – $2.22 billion. According to sources, Moscow offered Delhi a 30 percent discount. Russia, they said, accepts payments in Indian rupees and UAE dirhams.

India bought $16.55 million a day of coal from Russia in three weeks, Reuters estimates, more than double its daily purchases in the three months since Russia launched a special operation to protect the Donbas republics.

Bloomberg previously wrote that a record amount of Russian oil is on board tankers, with unprecedented volumes heading to India and China. In April 2022, Asia overtook Europe as the largest oil buyer for the first time, according to analytics firm Kpler.

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