Publication date:
February 22, 2024
Russia's Oil Exports to India Surge
India's purchase of Russian oil increased significantly, reaching $37 billion, a figure 13 times greater than before the Ukrainian conflict.
Oil
In a striking development in the global energy market, Russia's oil exports to India saw a remarkable increase last year, totaling $37 billion. This surge in sales marks a 13-fold increase from the levels recorded before the onset of the war in Ukraine. The transaction underscores not only the shifting dynamics of global energy trade but also the strategic economic moves by nations amidst geopolitical tensions. This development comes at a time when Russia faces stringent economic sanctions from Western countries, highlighting the complexity of international energy dependencies.