Bloomberg: Russia boosts oil supplies to India despite growing demand from China

The Russian Federation continues to supply India with the maximum possible amount of oil, despite the recovery in Chinese demand, in February, New Delhi imported about 1.85 million barrels per day from the Russian Federation. It is reported by Bloomberg with reference to the analytical company Kpler.

The publication notes that before the imposition of EU and US sanctions, India practically did not buy Russian oil.

Kpler's lead analyst Victor Katon says Russia's imports into the country surged to near a potential high of 2 million barrels per day in February.

He added that the PRC, after abandoning the policy of "zero tolerance" for the coronavirus, "can buy literally all of Russian oil exports." But the Russian Federation would like to keep the Indian market because it is more profitable and gives oil sellers more control over supplies, the agency said.

Earlier, RT reported that Russian Deputy Foreign Minister Andrei Rudenko said that the price of Russian oil for India is formed by market methods.

The Deputy Foreign Minister of Russia stressed that the Russian side has repeatedly said that it does not trade in energy resources at a loss.

Newspaper.Ru

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