India is the world's third largest oil consumer.
Indian refineries bought two months of war in Ukraine at a discount Russian oil, which other buyers tried to avoid. This was reported by Reuters.
In total, since February 24, India has placed an order for at least 40 million barrels of Russian oil. The oil is due to be shipped in June. Reuters points out that Russia has exported only 16 million barrels to Indian customers in 2021. India is the world's third largest oil consumer. It needs about 5 million barrels a day.
Thus, the country's refineries are trying to offset cheaper supplies of cheaper Russian oil from other exporters, such as Saudi Arabia.
Read also: Kuleba EU oil embargo: “Stop buying Russian oil, it is full of Ukrainian blood” > on energy issues.
Visits to New Delhi by European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson show the West's serious intentions to untie India economically and politically from Russia.
