Alexander Novak, Russia’s deputy prime minister, said Russian oil sales to India jumped 22-fold in 2022 amid sanctions against Moscow over its invasion of Ukraine.
Last year, as European countries sought to end their dependence on Russian energy supplies and imposed sanctions on Moscow, Russia has shifted its oil exports to India and China.
Novak said that Russia’s energy exports were “redirected” to the “markets of friendly countries,” adding that energy revenues accounted for 42% of Russia’s federal budget in 2022.
