Russia entered the list of the 5 largest commercial partners of India in the first half of the fiscal year 2022-2023 (began on April 1), according to “Times of India” today, quoting the Indian Ministry of Trade.
The newspaper pointed out that this is mainly due to the increase in Russian oil imports to India from April to September 2022, and Russia has risen in the list of India’s trading partners from the 25th place, which was registered at the end of last fiscal year, to the 5th place.
The list of the 5 largest commercial partners of India included the United States, China, the Emirates, Saudi Arabia and Russia. The Indian newspaper added that Russia rose in the commercial list of India, despite India’s exports to Russia by 19% to $ 1. 3 billion.
According to Indian data, Russian exports to India increased in the first half of the current fiscal year to 21. 3 billion dollars from $ 4. 2 billion in the same period last year, and oil exports witnessed an increase of 8.
3 times and reached about 18 billion dollars.
The Indian government allowed oil companies to increase black gold purchases from Russia despite the pressure of the United States and other countries to stop the import of Russian oil after the outbreak of the crisis in Ukraine in February 2022.
Source: Tas.
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