India sharply reduced procurement of Russian oil

During the week, which ended on August 26, oil supplies from Russia have decreased to the Asian clients from the first month of the war, calculated Bloomberg based on tankers tracking data.

, India joined in July, which has begun to reduce purchases in July, which has taken all the oil in Western Europe since spring. During the month, the flows of Russian oil in India were reduced by 40%: at the end of July it was 960 thousand barrels per day, in mid -August – 740 thousand barrels, in the last week – 570 thousand. At the same time, China purchased 810 thousand barrels per day – 35% less than in early June.

The Russian Moscow Times notes that Russian oil industry workers arose in the Indian market after the delegation of officials from the United States, headed by the Deputy Minister of Finance, Wally Adeimo, the coordinator of the sanctions policy in Washington, has visited New Delhi. The United States invited the India government to join the “ceiling of prices” for Russian oil – that is, not to buy barrels more than $ 40-60. In public, nothing was reported about the results of negotiations. But, according to Bloomberg, the Indian government de facto refused, saying that the transaction needs a “wider consensus.”