Russian oil exports to India to increase 22-fold by 2022
In response to economic sanctions and embargoes on its hydrocarbons in Europe, Russia is increasing its oil exports to India and China.
| Countries | Chine, Inde, Russie |
|---|---|
| Sector | Pétrole |
| Theme | Politique & Géopolitique, Sécurité énergétique |
Russia is continuing its economic reorientation towards Asian countries in response to the economic sanctions imposed by Western countries because of its offensive against Ukraine. The Russian Deputy Prime Minister in charge of Energy, Alexander Novak, announced that oil exports to India had increased 22-fold by 2022. These results are part of a strategy to compensate for contracts lost in Europe.
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