NEW DELHI, May 25 (Reuters): India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed.
Refiners in India briefly stopped importing Russian oil in tankers belonging to Sovcomflot after the company's ships, along with its 14 tankers, were designated by Washington in February as being in breach of Western sanctions.
The West has imposed the sanctions against Russia since it invaded Ukraine in 2022.
India, the world's third-biggest oil importer and consumer, is the top client for Russian seaborne oil.
In April, the first month of the fiscal year 2024/25, Indian refiners shipped in nearly 1.8 million barrels per day (bpd) of Russian oil, up about 8.2 per cent over the previous month, expanding Russia's share in India to about 38 per cent from 32 per cent in the previous month, the data showed.
India's Russian oil imports rise to nine-month high in April
FE Team | Published: May 25, 2024 20:59:04
India's Russian oil imports rise to nine-month high in April
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