Russia says oil sales to India increased amid war in Ukraine
Alexander Novak, Deputy Prime Minister of Russia, said Russian oil sales to India increased 22-fold in 2022 amid sanctions against Moscow over its invasion of Ukraine.
Last year, as European countries tried to end their dependence on Russian energy supplies and imposed sanctions on Moscow, Russia shifted its oil exports to India and China.
Novak said Russia’s energy exports were “redirected” to “friendly country markets”, adding that energy revenues accounted for 42% of Russia’s federal budget in 2022.
He said Russia’s energy industry is sustainable despite the challenges faced by Western sanctions.
Source: DW
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