India

The operator of the world’s largest oil refining complex, the Indian holding Reliance Industries, will not accept oil from the tankers of the Russian company “Sovcomflot”.

Since the beginning of the full-scale invasion of the Russian Federation in Ukraine, the fleet of the Indian Register of Shipping has grown by 117.5%.

Shipments of Russian crude oil decreased significantly in the last months of last year.

In India, the procedure for importing Ukrainian grain will be eased — in particular, Ukrainian traders will be exempted from paying an additional fee.

India is in the process of building 24 cargo ships for Russia, the completion of which is scheduled for 2027.

India again increases the volume of imports of petroleum products from Russia.

Last month, Indian imports of Russian oil set another record — daily volumes rose to 2.2 million barrels per day.

India reduced purchases of Urals oil in April compared to record imports in March.

Thanks to record purchases of russian oil, India has increased imports of its own energy carriers to Europe.

India’s oil imports from russia exceed the combined imports of traditional suppliers Iraq and Saudi Arabia.