News Oil & Gas

Russia says oil sales to India up 22-fold last year


Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia needed to focus on boosting energy exports to so-called “friendly” countries, as he said Russian oil supplies to India jumped 22-fold last year.

Novak said energy revenues accounted for 42% of Russia’s federal budget in 2022 and said the country’s energy industry was sustainable, despite the challenges faced by Western sanctions.


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