India has increased its purchases of coal and oil from Russia dozens of times, spending $2.55 billion on it – Reuters

From May 27 to June 15, India increased the volume of coal purchases from Russia six times, and oil - 31 times compared to the same period in 2021. This is reported by Reuters, citing data from the government of India, which were not published.

During this period, India purchased coal from the Russian Federation in the amount of about $331.17 million, and the amount of oil purchases amounted to $2.22 billion. According to sources, Russia offers Indian importers discounts of up to 30%, and also agrees to accept payment even in Indian rupees and dirhams. UAE.

Earlier it was reported that India is negotiating a doubling of Russian oil imports. India is looking to buy oil from Rosneft at a discount as international buyers back out of deals with Moscow over the war in Ukraine, according to Bloomberg sources. Since the start of Russia's war against Ukraine, India has bought more than 40 million barrels of Russian oil, about 20% more than in all of 2021.

The abandonment of Russian oil is the main part of the recently introduced sixth package of EU sanctions. The embargo concerns the import of 2/3 of Russian oil and will not affect pipeline deliveries. The head of the European Council, Charles Michel, commenting on the decision of the EU, said that the embargo would reduce the huge source of funding for the Russian military machine, the country would be put under maximum pressure to end the war. According to Bloomberg , Russia could lose about $22 billion a year. In this regard, the UAE began to supply oil to Europe for the first time in two years.

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