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The Russian oil giant Rosneft announced on Wednesday March 29 that it had signed a contract with an Indian partner for “ increase considerably » Russian oil deliveries. The announcement comes at a time when Moscow, targeted by a Western embargo, is seeking to redirect its hydrocarbon sales to Asia.
Neither the amount nor the volumes decided have been communicated. All that is known is that Rosneft has signed a contract with the Indian Oil company for “ dramatically increase oil supplies to India, which are already considerable. Russia announced on Wednesday March 29 that its crude oil exports to India increased 22 times last year.
Redirection of exports
Moscow, hit by heavy Western sanctions, is redirecting its hydrocarbon exports to Asia, particularly to China and India. These two countries are taking advantage of the situation to negotiate the downward price of volumes of Russian black gold not purchased by Western countries. Since the Western sanctions against Moscow due to the invasion of Ukraine, trade between Russia and India has increased thanks, among other things, to fossil fuels.
One of India’s top five trading partners
Rosneft, citing data from the Indian Ministry of Commerce, indicates that last year Russia for the first time in its history became one of India’s top five trading partners, the volume of trade between countries reaching $38.4 billion.
(With AFP)
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