Despite the declared goal of abandoning Russian energy carriers, Germany continues to purchase large volumes of Russian oil from India, DW reports citing Spiegel magazine.
The volume of imports of petroleum products from India to Germany increased 12 times over the year. From January to July 2023, Germany imported 451mn euros worth of raw materials, up from 37mn euros a year earlier. This is 2.4% of total imports of petroleum products to Germany during this period, Spiegel writes, citing data from the Federal Statistical Office.
The agency itself emphasises: Germany imports gas oil, which is used to produce diesel fuel and fuel oil. India, in turn, imports crude oil from Russia, which is the main raw material for gas oil production.
In August, the Financial Times reported that the Russians had found a way to circumvent the sanctions restriction on the price of oil sales to India. The additional charges, together with commissions received from the transportation of oil on ships affiliated with the Russian Federation, could bring Moscow $1.2bn per quarter.
Bloomberg reported that in July, Russia earned $15bn from oil exports. This is the highest since the beginning of 2023, but still 20% less than in July last year.