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Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’

From bnnbloomberg.ca

Russian President Vladimir Putin said trade with India and China has strengthened amid Western oil sanctions in response to the invasion of Ukraine. “Russian oil supplies to China and India are growing noticeably,” Putin said in a video address to the BRICS Business Summit on Wednesday. Despite all the difficulties in the global economy due to “politically motivated sanctions,” total trade with Brazil, India, China and South Africa rose 38% in the first three months of the year to $45 billion, he said. Russian oil producers have been sending more crude to Asian buyers, mostly to China and India, at steep discounts as ... (full story)

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