Big Russia presence in India Energy Summit indicates stronger ties

The European Union ban on seaborne Russian fuel shipments, coupled with earlier restrictions on the bloc's crude purchases, give more impetus for Moscow to ramp up the flows to India

Just a day after western powers slapped new sanctions on Russia, top executives from the OPEC+ producers’ oil and gas industry rushed to its biggest potential customer - India.
 

From the head of Rosneft PJSC Igor Sechin to the chairman of Novatek PJSC Leonid Mikhelson, the Russian delegation was out in force in Bengaluru for India Energy Week. The summit, the nation’s first major event organized under its G-20 presidency, saw delegates from foreign producers rub shoulders with Indian importers as the country highlighted its buying and negotiating power.

Russia, which has plenty of resources including crude oil and natural