Sanction-Hit Russia Announces Deal To Boost Oil Supplies To India: Report
NDTV
The Kremlin's decision to deploy its military to Ukraine last February saw Russia's share of the European market collapse as Kyiv's allies levied sanctions on the Russian oil sector.
Russian energy giant Rosneft announced a deal on Wednesday to ramp up oil sales to India, as Moscow seeks new buyers in the wake of tensions with the West over the Ukraine conflict.
The Kremlin's decision to deploy its military to Ukraine last February saw Russia's share of the European market collapse as Kyiv's allies levied sanctions on the Russian oil sector.
Rosneft said in a statement that its CEO Igor Sechin had travelled to India and brokered an agreement with the head of the Indian Oil Corporation.
"Rosneft Oil Company and Indian Oil Company signed a term agreement to substantially increase oil supplies as well (as) diversify the grades to India," Rosneft said in a statement.
