Foreign media: India has purchased Russian coal in recent weeks, which is more than six times the same period last year.

Author:Global Times Time:2022.06.20

According to Reuters on the 18th, data from the two traders and Reuters reported that although Western countries imposed sanctions on Russia, coal purchased from Russia in Russia has increased significantly in recent weeks, more than six times the same period last year in the same period last year. Essence

Reuters report screenshot

The report pointed out that the West imposed severe sanctions on Russia on the grounds of Russia and Ukraine's conflict. In April this year, Russia had warned the European Union not to impose comprehensive sanctions on Russian coal, saying that this move would only be counterproductive because these coal would be re -directed to other markets.

India maintains a neutral position in Russia and Ukraine's conflict, saying that it is part of the country to purchase Russian goods as part of the country's diversified efforts, and said that suddenly stopping purchase will push up the international market price and harm the interests of Indian consumers.

U.S. officials have previously told India that the United States has not banned India from importing energy from Russia, but does not want to see the "sharp acceleration" of import activities. However, Reuters reports that despite the high freight, Indian buyers are still buying Russian coal in large quantities.

Russian open -air coal mine information source: Visual China

Reuters' data from Reuters's unreasonable Indian government showed that within the 20 days of June 15, the trade amount of coal and related products purchased from Russia from Russia was more than six times the same period last year, reaching $ 3311.7 million. At the same time, Indian refineers are also buying cheap Russian oil. Data show that within the 20 days of June 15, India's oil trade with Russia was more than 31 times the same period last year, reaching 2.22 billion US dollars.

According to the calculation of Reuters, India's average Russian coal worth $ 16.55 million daily in this 20 days was more than twice the average of $ 7.71 million a day after the outbreak of the Russian -Ukraine military conflict on February 24. In addition, India purchases $ 1,108.6 billion in oil per day in these 20 days, which is more than three times that of an average of $ 31.16 million per day in the first three months of May 26.

One of the traders told Reuters: "Russian traders have been free in terms of payment channels and accepting the use of Indian rupee and Dram in the UAE. The discount is very attractive, and the increase in Russian coal procurement will continue. "

Reuters quoted Refinitiv Eikon ship tracking data newspapers that India will continue to purchase a large number of Russian coal. It is expected that the import volume in June will reach the highest level in at least 7 and a half years. (Edit: HHJ)

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