Rosneft Signs Reliance Oil Deal
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Russian oilReuters
•Business
Business & Economics
Exclusive-Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say
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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.
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