Russia continues oil sales to India amid Western sanctions

Illustrative photo

Oil exports to the planet's two most populous countries, India and China, have accounted for 90% of all of Russia's crude exports this year, Deputy Prime Minister Alexander Novak told Russian state broadcaster Rossiya-24 on Wednesday. 

Novak said Moscow had successfully sidestepped the effects of Western sanctions amid its invasion of Ukraine, rerouting supplies mainly to the two Asian giants. 

He said this process had already begun before his invasion in February 2022 and the sanctions that soon followed, but that US and EU restrictions had served as a catalyst for it. 

"As for those restrictions and embargoes on supplies to Europe and the US that were introduced ... this only accelerated the process of reorienting our energy flows," Novak said.

He said that the share of Russian oil exports to EU members had fallen to around 4% or 5%. By comparison, Russian oil exports to the US were always very limited in scope./ CNA

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