In February, China and India remained primary destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports, as they sought alternatives to crude oil. Russia redirected most of its fuel oil and VGO to Asia following the EU s oil embargo. Seaborne exports to India and China increased, while shipments to Turkey declined.
India s External Affairs Minister S Jaishankar reaffirmed India s stance on buying Russian oil. During his visit to Germany for the Munich Security Conference, he stated that Europe should understand that India cannot have a view of Russia that is identical to the European one.
India News: Russian crude oil tankers face issues delivering at Indian ports due to price cap enforcement by G-7 nations and challenges with shipping entities. In