India has increased the import of Russian oil by 4 times

Analysts note that Russian oil exports to India increased fourfold in March, which indicates a redistribution of global energy flows after the situation around Ukraine.

India, which is the third largest country in the world in terms of energy consumption, bought several batches of oil at once, as buyers from Europe refused Russia's resources due to sanctions. In particular, the Russian Federation exported 360 thousand barrels per day to India in March, which is almost 4 times more than last year. 

The United States reacted negatively to such actions: White House spokeswoman Jen Psaki said that India could be on the verge of a historical past if it buys Russian oil. At the same time, Psaki admitted that these purchases would not violate US sanctions.

Last week, Russian Deputy Prime Minister Alexander Novak, during a telephone conversation with Indian Oil Minister Hardeep Singh Puri, discussed further cooperation and joint areas of work in the fuel and energy sector. At the moment, Russian exports of oil and petroleum products to India have approached $1 billion, and representatives of the countries hope for an effective increase in this indicator.

The Indian authorities said they are developing a mechanism for buying and selling raw materials in rupees and rubles, which will significantly facilitate trade after Western restrictions on international currency transfers to and from Russia.