Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in South Lebanon: Israeli occupation targets bulldozer working to remove rubble of destroyed home in Shebaa.
IRGC sources tell Al Mayadeen that reports of Iranian missile strikes on northern Iraq are false, calling them rumors spread by enemy-linked media.
Trump: Venezuela airspace should be considered 'closed in its entirety'
AFP: Ukraine behind attack on Russian 'shadow fleet' tankers in Black Sea
Sheikh Qassem: We, our allies, the honorable in our nation, our people, and our army will never accept being subservient to the US or 'Israel'
Sheikh Qassem: They must despair, for whatever they do, this people cannot be defeated or broken, and we shall neither fall nor yield
Sheikh Qassem: Threats neither advance nor delay matters, yet the possibility of war or its absence exists because 'Israel' and the US are weighing their options
Sheikh Qassem: All these threats are simply a form of political pressure after a whole year of efforts proved ineffective
Sheikh Qassem: 'Israel's' 'servants' in Lebanon are few, but they cause problems by obstructing the country’s stability, growth, and liberation alongside the US and 'Israel'
Sheikh Qassem: Weapons block 'Israel’s' project, and anyone seeking disarmament plays into 'Israel’s' hands

India Russian coal purchases surge despite sanctions: Reuters

  • By Al Mayadeen English
  • Source: Agencies
  • 18 Jun 2022 21:33
  • 4 Shares
3 Min Read

India is importing more Russian coal and gas despite Western sanctions on Moscow, marking record increases for the country's Russian energy imports.

  • x
  • The Chernigovsky opencast colliery, outside the town of Beryozovsky in Siberia, Russia (Reuters)
    The Chernigovsky opencast colliery, outside the town of Beryozovsky in Siberia, Russia (Reuters)

India has upped its purchases of Russian coal over the past few weeks despite the Western-imposed sanctions on Moscow, with traders offering discounts of up to 30%, two trade sources told Reuters on Monday.

Russia is facing immense sanctions over the Ukraine war, and it had warned the European Union against imposing sanctions on its coal industry, warning that it would backfire and pledging to redirect fuel to other markets.

India, despite many states rushing to condemn and sanction Russia, has refrained from doing so, as Moscow and New Delhi have had longstanding political and security ties. However, it has been calling for a de-escalation of violence in Ukraine.

New Delhi defends its purchases of Russian energy resources as a part of its effort to diversify supplies, explaining that if it were to suddenly halt the supply, the prices would surge, and consumers would take a hit.

US officials have been reassuring India that there was no ban on imports of energy suppliers from Russia, but they underlined that Washington did not want a "rapid acceleration" of imports. Indian buyers, however, have been upping huge quantities of Russian coal despite high freight costs.

The Indian purchases of coal and related products have witnessed a six-fold year-on-year increase in the last three weeks, reaching $331.17 million.

Similarly, Indian refiners have also upped their imports of Russian oil rendered cheap by sanctions on Moscow, marking a 31-fold year-on-year increase, reaching $2.22 billion, data showed.

India bought an average of $16.55 million of Russian coal a day in the three weeks through Wednesday, more than double the $7.71 million it bought in the three months after the Ukraine war started on February 24.

Over the past 20-day period, Indian oil purchases averaged $110.86 million a day, more than three-fold the $31.16 million it spent in the first three months since the start of the Ukraine war.

Oil purchases averaged $110.86 million a day in the 20-day period, more than triple the $31.16 million it spent in the three months ended May 26.

Meanwhile, the US and European Union are bearing the brunt of the anti-Russian sanctions, with many countries facing high energy prices due to the cutoff of Russian energy resources.

France had not received any natural gas from Russia via pipeline since June 15, according to network operator GRTgaz, after Russian energy giant Gazprom announced this week that it would reduce deliveries to Europe.

Since France adopted packages of sanctions against Russia, it has increased pipeline gas imports from Spain while also increasing purchases of liquefied natural gas (LNG) delivered by ship.

In the US, on the other hand, gas prices have been gradually climbing over the previous couple of months, and this current milestone represents the 15th consecutive day that the AAA gauge has reached a new high. Oil prices reached $5 a gallon on average throughout the United States.

In response to the Ukraine war, the US and its allies have rolled out comprehensive sanctions, including restrictions on the Russian central bank, export control measures, SWIFT cutoff for select banks, and closure of airspace to all Russian flights. Many of their companies have suspended their Russian operations.

  • United States
  • Moscow
  • Russia
  • India
  • Sanctions on Russia
  • France
  • Gas prices
  • Ukraine
  • European Union

Most Read

13 elite Israeli troops were wounded in a confrontations in Beit Jinn, Syria.

13 elite Israeli troops wounded in confrontations in southern Syria

  • West Asia
  • 28 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
Hezbollah publishes biography of martyred leader Haitham al-Tabatabai

Hezbollah publishes biography of martyred leader Haitham Tabatabai

  • Politics
  • 23 Nov 2025
Hezbollah releases the names of the four martyred with Tabatabai

Hezbollah releases the names of the 4 martyred alongside Tabatabai

  • West Asia
  • 24 Nov 2025

Coverage

All
In Five

Read Next

All
U.S. F-35 fighter jets fly over José Aponte de la Torre Airport in Ceiba, Puerto Rico, Friday, September 19, 2025. (AP Photo/Alejandro Granadillo)
Politics

Venezuela condemns US 'colonial-style' threat to national airspace

Palestinians walk through the destruction left by the Israeli air and ground offensive in Gaza City, Saturday, Nov. 29, 2025. (AP)
Politics

Gaza death toll exceeds 70,000 as Israeli crimes continue

Ireland removes name of former Israeli president from Dublin park
Europe

Ireland removes name of Ex. Israeli regime president from Dublin park

Gazan brothers Jomaa and Fadi Abu Assi, 8 and 9, in an undated photo (Social media)
Politics

Gaza: Two brothers, aged 8 and 9, killed by 'Israel' on their way home

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS