India will increase imports of Russian oil
22/06/2023
New Delhi continues to buy Russian fuel, although it takes a lot of transportation costs. In addition, the country's authorities emphasize that a sharp refusal to purchase will provoke an increase in world prices and harm consumers.
Over the past year, the share of Russian oil in India's imports has increased 10–fold - from 2 to 20%. Indian Oil Executive Director Vinod Kumar noted: India consumes up to 1/3 of all oil in the world.