• SOCCER: English Premier League match centre 2024 25 (Interactive)
  • F1: Spain Grand Prix race preview 2024 (Graphic)
  • ENERGY: Fossil fuel use, emissions hit record highs (Graphic DUE Jun 20, 15:00GMT)
  • POLITICS: France snap election (Graphic DUE Jun 21, 14:00GMT)
  • UK ELECTION 2024: Results at a glance - Berliner (Graphic DUE Jun 28, 17:00GMT)
  • UK ELECTION 2024: Results at a glance - 1-column (Graphic DUE Jun 28, 17:00GMT)
  • UK ELECTION 2024: Results at a glance - 2-column (Graphic DUE Jun 28, 17:00GMT)
  • For full details of graphics available/in preparation, see Menu -> Planners
 Russian oil exports to India plunge infographic
Graphic charts India's oil imports over the past two years.
GN45258EN

MARKETS

India-Russia oil imports at lowest level for a year

By Ninian Carter

January 2, 2024 - Crude oil exports from Russia to India are at their lowest level since January 2023, amid tightening sanctions that are putting the squeeze on Russia’s ability to bank internationally.

A tightening of sanctions against Russia has made it impossible for Sakhalin-1, which extracts oil from eastern Russia, to open a bank account in the UAE – an agreed requirement being that buyers must pay for oil in dirhams.

Russia is still India’s largest supplier of oil, although exports have fallen by 32% since May last year.

Sources
PUBLISHED: 02/01/2024; STORY: Graphic News
Advertisement