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Exclusive-Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say

Reuters
Summary
Nutrition label

78% Informative

The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today 's prices.

It would further cement energy relations between India and Russia , which is under heavy sanctions over its invasion of Ukraine .

Russian oil accounts for more than a third of India 's energy imports.

India became the largest importer of Russian crude after the EU imposed sanctions on Russian oil imports.

VR Score

89

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95

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formal

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English

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47

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short-lived

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