As calls continue for India to keep its distance from Moscow after the invasion of Ukraine, its oil purchases from Russia have more than doubled from last year.
The US has said that although these oil imports do not violate sanctions, "support for Russia...is support for an invasion that obviously is having a devastating impact". Mr Lavrov told his Indian counterparts that Russia was willing to discuss any goods that India wanted to buy and urged that payments be made in roubles.After the US and China, India is the world's third-largest consumer of oil, over 80% of which is imported.
By far the largest supplies last year came from oil producers in the Middle East, with significant quantities also from the US and Nigeria.But so far, the amount of Urals oil contracts made for India covering March, April, May and June - around 26 million barrels - is higher than the quantity purchased during the whole of 2021, according to Kpler.
🤔
'than what'?
' Cheap is cheap . '
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