Russia’s oil supplies to India are facing problems due to G7 price caps and difficulties in leasing tankers. This was stated by Indian Petroleum Minister Hardeep Puri on the sidelines of the World Economic Forum in Davos. Bloomberg.
“In the case of Russia, this is related to issues around price caps and the exposure of some shipping companies to negative attention from other countries,” Puri said.
According to him, when Russian oil prices do not meet the G7 limit of $60 per barrel, India buys raw materials from Iraq, the UAE and Saudi Arabia.
For this reason, some tankers carrying Russian oil are delaying deliveries to Indian ports, changing routes or turning off transponders. India’s Russian oil imports fell to their lowest level since January 2022 in December.
“We receive oil from the delivery point. If a country cannot supply it due to sanctions of other countries, we will not buy it,” Puri emphasized.
USA at the end of December bored Checking compliance with the price ceiling by imposing sanctions against a number of Russian oil traders.
Previously, Russia’s oil exports to Asia were realized in January exceeded OPEC+ quota.