Half of Russia’s oil and petroleum exports in 2023 will have gone to China while India’s share has risen in two years to 40 per cent, Russia’s state news agencies cited Deputy Prime Minister Alexander Novak as saying in remarks published on Wednesday.
“The main partners in the current situation are China, whose share has grown to approximately 45-50 per cent, and, of course, India,” said Novak, who is in charge of Russia’s energy sector.
“Earlier, there basically were no supplies to India; in two years, the total share of supplies to India has come to 40 per cent.”
Novak added that Europe’s share in Russia’s crude exports has fallen to about 4-5 per cent from about 40-45 per cent.