Photo: ru.freepik.com
As CNBC notes, citing government data, 88% of the oil consumed by India between April and November 2024 was imported into the country. About 40% of these imports came from Russia.
According to CNBC's Kpler analytical platform, of the 183 tankers recently sanctioned, 75 transported Russian oil to India. Last year alone, about 687 million barrels of crude oil were transported, of which 30% were shipped to India.
We wrote that Chinese companies are buying oil in the Middle East, fearing shortages due to sanctions against the Russian tanker fleet, which has led to an increase in ship freight prices.
