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Russian Shipped 50% of Oil, Products to China in 2023

OIL

Russia has shipped 50% of its oil and petroleum exports to China, while shipments to India have risen to a share of 40% this year, Russian Deputy PM Alexander Novak said, cited by Bloomberg.

  • "The main partners in the current situation are China, whose share has grown to approximately 45-50%, and, of course, India," Novak said.
  • "Earlier, there basically were no supplies to India; in two years, the total share of supplies to India has come to 40%," he added.
  • The share of exports to Europe dropped to 4-5%.
Energy BulletsCommodities
Energy BulletsCommodities

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