fredag 29. april 2022

Why India is buying more Russian oil

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 Indian government has defended the move to buy Russian oil, and said what it buys from Russia in a month is less than what Europe buys from Russia in an afternoon.

India has taken advantage of discounted prices to ramp up oil imports from Russia at a time when global energy prices have been rising. The US has said that although these oil imports do not violate sanctions, "support for support for an invasion that obviously is having a devastating impact". UK Foreign Secretary Liz Truss also urged India to reduce its dependence on Russia during a trip to Delhi in March, which took place at the same time as a visit by the Russian foreign minister, Sergei Lavrov.

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