Back
Automatically translated version. May contain inaccuracies compared to the original.
India, the second-largest buyer of Russian oil, has begun looking for new markets
Because of Ukrainian strikes on refineries, Indian refiners have begun cutting purchases of Russian oil amid supply disruptions, Bloomberg writes. Thus, by the end of August imports may amount to about 2 million barrels per day versus 2,8 million in July.
Overall, over the past four weeks Russia's seaborne exports have fallen to 3,5 million barrels per day versus more than 4 million in July.
Recall that not long ago India — the second-largest buyer of Russian oil after China — was, on the contrary, planning to increase imports because of developments in the Strait of Hormuz. But already Russia is not only beginning to lose one of its biggest buyers, it is also being forced to buy gasoline itself, including from Turkey.
