India resumes and China sharply increases oil purchases from Russia

China has sharply increased purchases of Russian oil. If in December there were 53 thousand barrels, in February already 168 thousand barrels per day. Such a sharp increase was provided mainly by private refiners, who were interested in a discount of about 50 cents per barrel.

Also, as Reuters reported earlier, India resumed oil purchases from Russia, planning to pay for it in UAE dirhams. After a two-month pause, the country receives about 119 thousand barrels per day. There is a growth in supplies of Russian agricultural products to India. At the end of last year they increased by 40%. New Delhi bought sunflower oil most of all: supplies grew by a third - up to $1 billion.