Russia covers nearly half of Indian oil imports – Bloomberg ...News

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Russia covers nearly half of Indian oil imports – Bloomberg
Moscow's share of supplies to New Delhi in May hit a record high of 46%, tracking data has shown Exports of Russian oil to India reached a new record in May, Bloomberg reported on Wednesday citing ship tracking data. Moscow accounted for 46% of India's total oil imports last month, a "staggering leap" from the less than 2% mark imported prior to Western restrictions on purchases of Russian crude, data from analytics firm Kpler showed. Shipments from India's traditional Middle Eastern suppliers lagged behind Moscow as New Delhi snapped up Russian oil at hefty discounts, following a $60-per-barrel price cap imposed

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