Half of Russia's exports of oil and petroleum products this year went to China, while the share of exports to India has risen to 40% in the past two years.
Russian Deputy Prime Minister Alexander Novak mentioned the above data on December 27, according to a report by Reuters. Novak said that in the current situation, China is the main partner, and its share has grown to about 45-50% and, of course, India's. Novak, who is in charge of Russia's energy sector, noted that before that, Russia had basically no oil to India, but in the last two years, its share to India has reached 40%. As the world's third-largest producer, Russia's production accounts for more than 12% of the world's total. Since the outbreak of the Russia-Ukraine war in 2022, Russia has been sanctioned by the West, but China still continues to buy Russian oil. The Financial Times reported in September that Russia had built its own tanker "dark fleet" that could continue to sell oil without relying on Western insurance or other services. Chinese Ambassador to Russia Zhang Hanhui said in a written interview with Russia this month that China-Russia energy cooperation is highly complementary and has broad prospects, and that China-Russia normal energy will not be interfered with by third parties, and it is believed that China and Russia will continue to maintain healthy and stable development in the future.